Notice2024-15083
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 10, 2024
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 2:00 p.m.-4:00 p.m. Eastern Time, August 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 89 Issue 132 (Wednesday, July 10, 2024)</title>
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[Federal Register Volume 89, Number 132 (Wednesday, July 10, 2024)]
[Notices]
[Pages 56811-56812]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15083]
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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 2:00 p.m.-4:00 p.m. Eastern Time, August 1, 2024. The
Committee meeting will be held in person and virtually and is open to
the public.
DATES: Thursday, August 1, from 2:00 p.m.-4:00 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 July 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#05766b6c6160772b7564626045717760647670777c2b626a73"><span class="__cf_email__" data-cfemail="51223f383534237f213036341125233430222423287f363e27">[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#2e4f4d5c5d436e5a5c4b4f5d5b5c5700494158"><span class="__cf_email__" data-cfemail="8deceefffee0cdf9ffe8ecfef8fff4a3eae2fb">[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
[[Page 56812]]
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
10:00 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 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 second
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 partnership with the National Science Foundation (NSF) to
establish a new Industry-University Cooperative Research Center (IUCRC)
to provide research, analysis, and thought leadership to improve the
insurance sector's modeling and underwriting of terrorism and
catastrophic cyber risks.; (2) a presentation by FIO staff on the 2024
Report on the Effectiveness of the Terrorism Risk Insurance Program and
the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP)
Conference hosted by FIO in April 2024; and (3) a roundtable discussion
by the members to provide industry insight, based upon the available
data, on the effectiveness of TRIP, terrorism insurance market
conditions, ideas for private market risk sharing mechanisms that can
offset losses arising from acts of terrorism, and the administration of
TRIP.
Dated: July 3, 2024.
Stephanie Schmelz,
Deputy Director, Federal Insurance Office.
[FR Doc. 2024-15083 Filed 7-9-24; 8:45 am]
BILLING CODE 4810-AK-P
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