[Federal Register Volume 88, Number 161 (Tuesday, August 22, 2023)]
[Notices]
[Page 57112]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-17995]


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FEDERAL RESERVE SYSTEM


Solicitation of Statements of Interest for Membership on the 
Insurance Policy Advisory Committee

AGENCY: Board of Governors of the Federal Reserve System (Board).

ACTION: Notice.

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SUMMARY: The Economic Growth, Regulatory Relief, and Consumer 
Protection Act established at the Board an Insurance Policy Advisory 
Committee (IPAC). This Notice advises individuals who wish to serve as 
IPAC members of the annual opportunity to be considered for the IPAC.

DATES: Individuals who submit a Statement of Interest that is received 
by the Board from the first Monday in August through the first Monday 
in October of each year will be considered for appointments to the IPAC 
announced in the fourth calendar quarter of the same year. Statements 
of Interest received outside the period from the first Monday in August 
through the first Monday in October generally will not be considered.

ADDRESSES: Individuals seeking an appointment to the IPAC may send a 
Statement of Interest by email to [email protected]. The Statement of 
Interest contains only contact information. Candidates also may choose 
to provide additional information. Candidates may send this information 
by email to [email protected]. The Privacy Act Statement for IPAC Member 
Selection, which describes the purposes, authority, effects of 
nondisclosure, and uses of this information, can be found at https://www.federalreserve.gov/aboutthefed/ipac-privacy.htm.
    Individuals also may mail Statements of Interest and any additional 
information to the Board of Governors of the Federal Reserve System, 
Attn: Insurance Policy Advisory Committee, 20th Street and Constitution 
Ave. NW, Washington, DC 20551.

FOR FURTHER INFORMATION CONTACT: Lara Lylozian, Deputy Associate 
Director and Chief Accountant, (202) 475-6656; Matt Walker, Manager, 
Insurance Supervision & Regulation, (202) 872-4971; or Matti Peltonen, 
Lead Insurance Policy Analyst, (202) 430-7915; Division of Supervision 
and Regulation; or [email protected]. For users of TDD-TYY, please call 711 
from any telephone, anywhere in the United States.

SUPPLEMENTARY INFORMATION: The Economic Growth, Regulatory Relief, and 
Consumer Protection Act established at the Board an Insurance Policy 
Advisory Committee (IPAC) to advise the Board on international capital 
standards and other insurance matters. This notice advises individuals 
of the opportunity to be considered for appointment to the IPAC. To 
assist with the appointment of IPAC members, the Board considers 
information submitted by the candidate, public information, and any 
other relevant information the Board determines to consider.

Council Size and Terms

    The IPAC has at most 21 members. IPAC members serve staggered 
three-year terms. Members are appointed to three-year terms unless the 
Board appoints a member to fill a vacant unexpired term. A member that 
is appointed to serve a three-year term begins his or her service on 
the first January 1 occurring after his or her appointment. A member 
appointed to fill a vacant unexpired term serves for the remainder of 
the term. The Board provides a nominal honorarium and reimburses 
members only for their actual travel expenses, subject to Board policy.

Statement of Interest

    A Statement of Interest must contain the following information:
     Full name;
     Address;
     Phone number; and
     Email address.
    At their option, candidates may provide additional information for 
consideration.

Qualifications

    IPAC candidates should be insurance experts. The Board provides 
equal appointment opportunity to all persons without regard to race, 
color, religion, sex (including sexual orientation, gender identity, 
and pregnancy), national origin, age, disability, genetic information, 
or military service. In addition, the Board is committed to a diverse 
committee and seeks a diverse set of expert perspectives from the 
various sectors of the U.S. insurance industry including life 
insurance, property and casualty insurance and reinsurance, agents and 
brokers, academics, consumer advocates, and experts on issues facing 
underserved insurance communities and consumers. The Board also seeks 
relevant actuarial, legal, regulatory, and accounting expertise, as 
well as expertise on lines of business underwritten by its currently 
supervised population of insurance institutions.
    Members must be willing and able to participate in conference calls 
and prepare for and attend meetings in person. Membership and 
attendance is not delegable.
    By order of the Board of Governors of the Federal Reserve System, 
acting through the Director of the Division of Supervision and 
Regulation under delegated authority.

Erin Cayce,
Assistant Secretary of the Board.
[FR Doc. 2023-17995 Filed 8-21-23; 8:45 am]
BILLING CODE 6210-01-P