[Federal Register Volume 88, Number 248 (Thursday, December 28, 2023)]
[Notices]
[Page 89817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28657]



[[Page 89817]]

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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 p.m.-4 p.m. eastern time, February 1, 2024. The Committee 
meeting will be held in person and virtually and is open to the public.

DATES: Thursday, February 1, from 2 p.m.-4 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: https://events.treasury.gov/s/ 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 January 
25th or when capacity is reached.)
    A link to the webcast will 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, 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 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

     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 Ave. NW, Room 1410 MT, Washington, DC 20220.
    In general, the U.S. Department of the Treasury will post all 
statements on its website 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's Library, 720 Madison 
Place NW, Room 1020, Washington, DC 20220, on official business days 
between the hours of 10 a.m. and 5 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 first 
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 work related to consideration of whether a potential federal 
insurance response to catastrophic cyber loss to U.S. critical 
infrastructure is warranted, and its implications for TRIP; (2) a panel 
discussion of major cyber modeling firms on the current state of cyber 
modeling, including the modeling of catastrophic events and the 
potential impact of such events upon TRIP; and (3) a presentation from 
an insurance rating agency on how it evaluates cyber insurance risk in 
its considerations, and how the existence of programs such as TRIP 
factor into that evaluation. The Committee will then discuss suggested 
areas for the ACRSM's focus moving forward relating to private market 
risk sharing against losses arising from acts of terrorism and the 
administration of TRIP.

Steven E. Seitz,
Director, Federal Insurance Office.
[FR Doc. 2023-28657 Filed 12-27-23; 8:45 am]
BILLING CODE 4810-AK-P