Notice2023-14527
Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 11, 2023
Issuing agencies
Treasury Department
Abstract
This notice announces that the U.S. Department of the Treasury's Advisory Committee on Risk-Sharing Mechanisms (ACRSM) will meet at the U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW, Cash Room, Washington, DC 20220, from 3:30 p.m. to 5:00 p.m. Eastern Time, July 26, 2023. The Committee meeting will be held in person and virtually and is open to the public.
Full Text
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<title>Federal Register, Volume 88 Issue 131 (Tuesday, July 11, 2023)</title>
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[Federal Register Volume 88, Number 131 (Tuesday, July 11, 2023)]
[Notices]
[Pages 44184-44185]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-14527]
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DEPARTMENT OF THE TREASURY
Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of open meeting.
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SUMMARY: This notice announces that the U.S. Department of the
Treasury's Advisory Committee on Risk-Sharing Mechanisms (ACRSM) will
meet at the U.S. Department of the Treasury, 1500 Pennsylvania Avenue
NW, Cash Room, Washington, DC 20220, from 3:30 p.m. to 5:00 p.m.
Eastern Time, July 26, 2023. The Committee meeting will be held in
person and virtually and is open to the public.
DATES: Wednesday, July 26, 2023, from 3:30 p.m. to 5:00 p.m. Eastern
Time.
ADDRESSES: U.S. Department of the Treasury, 1500 Pennsylvania Avenue
NW, Cash Room, Washington, DC 20220.
The public can attend remotely via live webcast at:
<a href="http://www.yorkcast.com/treasury/events/2023/07/26/acrsm">www.yorkcast.com/treasury/events/2023/07/26/acrsm</a>. The public can
attend remotely via live webcast at <a href="http://www.yorkcast.com/treasury/events/2023/07/26/acrsm">www.yorkcast.com/treasury/events/2023/07/26/acrsm</a>.
The webcast will also be available through the Committee's website
at <a href="https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/terrorism-risk-insurance-program/advisory-committee-on-risk-sharing-mechanisms-acrsm">https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/terrorism-risk-insurance-program/advisory-committee-on-risk-sharing-mechanisms-acrsm</a>. Requests for reasonable accommodations under Section 504 of the
Rehabilitation Act should be directed to Snider Page, Office of Civil
Rights and Equal Employment Opportunity, U.S. Department of the
Treasury, at (202) 622-0341, or <a href="/cdn-cgi/l/email-protection#e2918c8b868790cc92838587a2969087839197909bcc858d94"><span class="__cf_email__" data-cfemail="75061b1c1110075b0514121035010710140600070c5b121a03">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Annette Burris, Senior Insurance
Regulatory Policy Analyst, Federal Insurance Office, U.S. Department of
the Treasury, 1500 Pennsylvania Avenue NW, Room 1410, Washington, DC
20220, at (202) 622-2541. Persons who have difficulty hearing or
speaking may access this number via TTY by calling the toll-free
Federal Relay Service at (800) 877-8339.
SUPPLEMENTARY INFORMATION: Notice of this meeting is provided in
accordance with the Federal Advisory Committee Act, 5 U.S.C. 1001-1014,
through implementing regulations at 41 CFR 102-3.150.
Public Comment: Members of the public wishing to comment on the
business of the ACRSM are invited to submit written statements by any
of the following methods:
Electronic Statements
<bullet> Send electronic comments to <a href="/cdn-cgi/l/email-protection#ddbcbeafaeb09da9afb8bcaea8afa4f3bab2ab"><span class="__cf_email__" data-cfemail="08696b7a7b65487c7a6d697b7d7a71266f677e">[email protected]</span></a>.
Paper Statements
<bullet> Send paper statements in triplicate to the Advisory
Committee on Risk-Sharing Mechanisms, U.S. Department of the Treasury,
1500 Pennsylvania Avenue NW, Room 1410, Washington, DC 20220.
In general, the U.S. Department of the Treasury will post all
statements on its website at <a href="https://www.treasury.gov/initiatives/fio/acrsm/Pages/default.aspx">https://www.treasury.gov/initiatives/fio/acrsm/Pages/default.aspx</a> without change, including any business or
personal information provided, such as names, addresses, email
addresses, or telephone numbers. The U.S. Department of the Treasury
will also make such statements available for public inspection and
copying in the U.S. Department of the Treasury Library, 720 Madison
Place NW, Room 1020, Washington, DC 20220, on official business days
between the hours of 10:00 a.m. and 5:00 p.m. Eastern Time. You can
make an appointment to inspect statements by telephoning (202) 622-
2000. All statements received, including attachments and other
supporting materials, are part of the public record and subject to
public disclosure. You should submit only information that you wish to
make available publicly.
Background: The ACRSM provides advice and recommendations to the
Federal Insurance Office (FIO) with respect to (1) the creation and
development of nongovernmental, private market risk-sharing mechanisms
for protection against losses arising from acts of terrorism, and (2)
FIO's administration of the Terrorism Risk Insurance Program (TRIP).
Tentative Agenda/Topics for Discussion: This will be the first
ACRSM meeting of 2023. In this meeting, the ACRSM will address,
consistent with its charter's mandate, topics related to the role of
nongovernmental mechanisms in supporting the terrorism risk insurance
[[Page 44185]]
market and related to TRIP. Specifically, the ACRSM will hear
presentations addressing (1) the ACRSM's recommendations contained in
its May 11, 2020 Report (available at <a href="https://home.treasury.gov/system/files/311/5-20-ACRSM-Report-Final.pdf">https://home.treasury.gov/system/files/311/5-20-ACRSM-Report-Final.pdf</a>); (2) FIO's Study on the
Competitiveness of Small Insurers in the Terrorism Risk Insurance
Marketplace, issued June 30, 2023; (3) FIO's evaluation of a potential
federal insurance response to catastrophic cyber loss to U.S. critical
infrastructure and its implications for TRIP; and (4) an update from
Pool Reinsurance Corporation Limited (Pool Re, the terrorism risk
reinsurer in the United Kingdom) on terrorism insurance coverage and
cyber resilience methodologies in the international insurance market.
The Committee will then discuss suggested areas for the ACRSM to focus
on relating to private market risk sharing against losses arising from
acts of terrorism and related to the administration of TRIP.
Dated: July 5, 2023.
Stephanie Schmelz,
Deputy Director, Federal Insurance Office.
[FR Doc. 2023-14527 Filed 7-10-23; 8:45 am]
BILLING CODE 4810-AK-P
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