[Federal Register Volume 88, Number 131 (Tuesday, July 11, 2023)]
[Notices]
[Pages 44184-44185]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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: 
www.yorkcast.com/treasury/events/2023/07/26/acrsm. The public can 
attend remotely via live webcast at www.yorkcast.com/treasury/events/2023/07/26/acrsm.
    The webcast will also be available through the Committee's website 
at 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. 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 [email protected].

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

     Send electronic comments to [email protected].

Paper Statements

     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 https://www.treasury.gov/initiatives/fio/acrsm/Pages/default.aspx 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 https://home.treasury.gov/system/files/311/5-20-ACRSM-Report-Final.pdf); (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