[Federal Register Volume 88, Number 175 (Tuesday, September 12, 2023)]
[Notices]
[Page 62626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-19565]


-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

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 October 15, 
2023.

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).
---------------------------------------------------------------------------

    \1\ Public Law 114-1, section 110.
---------------------------------------------------------------------------

    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\
---------------------------------------------------------------------------

    \2\ Advisory Committee on Risk-Sharing Mechanisms (ACRSM), U.S. 
Department of the Treasury, 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.
---------------------------------------------------------------------------

    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 October 15, 
2023. Submissions may be sent by email to [email protected] 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.

Stephanie Schmelz,
Deputy Director, Federal Insurance Office.
[FR Doc. 2023-19565 Filed 9-11-23; 8:45 am]
BILLING CODE 4810-AK-P