Notice2023-28657
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
December 28, 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 in the Cash Room, 1500 Pennsylvania Avenue NW, Washington, DC 20220, from 2 p.m.-4 p.m. eastern time, February 1, 2024. 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 248 (Thursday, December 28, 2023)</title>
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[Federal Register Volume 88, Number 248 (Thursday, December 28, 2023)]
[Notices]
[Page 89817]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28657]
[[Page 89817]]
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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 in the Cash Room, 1500 Pennsylvania Avenue NW, Washington, DC
20220, from 2 p.m.-4 p.m. eastern time, February 1, 2024. The Committee
meeting will be held in person and virtually and is open to the public.
DATES: Thursday, February 1, from 2 p.m.-4 p.m. eastern time.
ADDRESSES: The Committee meeting will be held in the Cash Room,
Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC
20220 and via teleconference. The meeting will be open to the public.
Because the meeting will be held in a secured facility, members of the
public who plan to attend the meeting must register online. Attendees
may visit: <a href="https://events.treasury.gov/s/">https://events.treasury.gov/s/</a> and fill out a secure online
registration form. A valid email address will be required to complete
online registration. (Note: online registration will close on January
25th or when capacity is reached.)
A link to the webcast will 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, Department of the
Treasury at (202) 622-0341, or <a href="/cdn-cgi/l/email-protection#a0d3cec9c4c5d28ed0c1c7c5e0d4d2c5c1d3d5d2d98ec7cfd6"><span class="__cf_email__" data-cfemail="a7d4c9cec3c2d589d7c6c0c2e7d3d5c2c6d4d2d5de89c0c8d1">[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 Ave. NW, Room 1410 MT, 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 et
seq., 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#9cfdffeeeff1dce8eef9fdefe9eee5b2fbf3ea"><span class="__cf_email__" data-cfemail="ec8d8f9e9f81ac989e898d9f999e95c28b839a">[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 Ave. NW, Room 1410 MT, Washington, DC 20220.
In general, the U.S. Department of the Treasury will post all
statements on its website <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's Library, 720 Madison
Place NW, Room 1020, Washington, DC 20220, on official business days
between the hours of 10 a.m. and 5 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 non-governmental, 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 2024. 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
market. Specifically, the ACRSM will hear presentations addressing (1)
FIO's work related to consideration of whether a potential federal
insurance response to catastrophic cyber loss to U.S. critical
infrastructure is warranted, and its implications for TRIP; (2) a panel
discussion of major cyber modeling firms on the current state of cyber
modeling, including the modeling of catastrophic events and the
potential impact of such events upon TRIP; and (3) a presentation from
an insurance rating agency on how it evaluates cyber insurance risk in
its considerations, and how the existence of programs such as TRIP
factor into that evaluation. The Committee will then discuss suggested
areas for the ACRSM's focus moving forward relating to private market
risk sharing against losses arising from acts of terrorism and the
administration of TRIP.
Steven E. Seitz,
Director, Federal Insurance Office.
[FR Doc. 2023-28657 Filed 12-27-23; 8:45 am]
BILLING CODE 4810-AK-P
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