Notice2025-14313
Request for Expressions of Interest in Membership on the Federal Insurance Office's 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 29, 2025
Issuing agencies
Treasury Department
Abstract
The Federal Insurance Office (FIO) within the Department of the Treasury invites the public to submit expressions of interest in serving as members of the Advisory Committee on Risk-Sharing Mechanisms (ACRSM). Submissions must be received by FIO no later than August 29, 2025.
Full Text
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<title>Federal Register, Volume 90 Issue 143 (Tuesday, July 29, 2025)</title>
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[Federal Register Volume 90, Number 143 (Tuesday, July 29, 2025)]
[Notices]
[Pages 35759-35760]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14313]
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DEPARTMENT OF THE TREASURY
Request for Expressions of Interest in Membership on the Federal
Insurance Office's Advisory Committee on Risk-Sharing Mechanisms
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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SUMMARY: The Federal Insurance Office (FIO) within the Department of
the Treasury invites the public to submit expressions of interest in
serving as members of the Advisory Committee on Risk-Sharing Mechanisms
(ACRSM). Submissions must be received by FIO no later than August 29,
2025.
FOR FURTHER INFORMATION CONTACT: Annette Burris, Senior Insurance
Regulatory Policy Analyst, Federal Insurance Office, Department of the
Treasury, 1500 Pennsylvania Ave. NW, Room 1410 MT, Washington, DC
20220, at (771) 215-6900 (this is not a toll-free number). 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:
Background
The ACRSM is a federal advisory committee of insurance industry
representatives established in 2015 to provide 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.\1\ Assisting the Secretary of the Treasury in the
administration of the Terrorism Risk Insurance Program is among FIO's
duties and authorities as set out in Subpart A of the Federal Insurance
Office Act of 2010 (31 U.S.C. 313, et seq.), Title V of the Dodd-Frank
Wall Street Reform and Consumer Protection Act, Public Law 111-203, 12
U.S.C. 5301 et seq. (July 21, 2010).
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\1\ Public Law 114-1, 110 (b)(3).
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The ACRSM's membership is balanced to include a cross-section of
members consisting of directors, officers, or other employees of
insurers, reinsurers, and capital market participants that are
representative of the affected sectors of the insurance industry,
including commercial property insurance, commercial casualty insurance,
reinsurance, and alternative risk transfer industries. More information
regarding the ACRSM, including a list of its current members, prior
recommendations to FIO, and its organizational documents, is available
on the Treasury website.\2\
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\2\ Advisory Committee on Risk-Sharing Mechanisms (ACRSM), U.S.
Department of the Treasury, <a href="http://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">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>.
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Individuals interested in serving as ACRSM members should submit an
expression of interest including their name, organization or
affiliation, and contact information (employment address, telephone
number, and email address). Submissions should also include a
curriculum vitae and a statement describing the individual's interest
in serving and willingness to work on the issues addressed by the
ACRSM.
A small subset of ACRSM members may be required to adhere to the
conflict-of-interest rules applicable to Special Government Employees
as such employees are defined in 18 U.S.C. 202(a). These rules include
relevant provisions in 18 U.S.C. related to criminal activity,
Standards of Ethical Conduct for Employees of the Executive Branch (5
CFR part 2635), and Executive Order 12674 (as modified by Executive
Order 12731).
In accordance with Department of Treasury Directive 21-03,
candidates for appointment to the ACRSM are subject to a clearance
process, including fingerprinting, annual tax checks, and a Federal
Bureau of Investigation criminal background check. All ACRSM candidates
must agree to submit to these pre-appointment checks.
The deadline for submitting expressions of interest is August 29,
2025. Submissions may be sent by email to <a href="/cdn-cgi/l/email-protection#efaeacbdbca2af9b9d8a8e9c9a9d96c1888099"><span class="__cf_email__" data-cfemail="a0e1e3f2f3ede0d4d2c5c1d3d5d2d98ec7cfd6">[email protected]</span></a> or by mail
to: Federal Insurance Office, Room 1410, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220-0002,
Attention: ACRSM.
[[Page 35760]]
Dated: July 25, 2025.
Steven Seitz,
Director, Federal Insurance Office.
[FR Doc. 2025-14313 Filed 7-28-25; 8:45 am]
BILLING CODE 4810-AK-P
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