[Federal Register Volume 89, Number 132 (Wednesday, July 10, 2024)]
[Notices]
[Pages 56811-56812]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15083]


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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 2:00 p.m.-4:00 p.m. Eastern Time, August 1, 2024. The 
Committee meeting will be held in person and virtually and is open to 
the public.

DATES: Thursday, August 1, from 2:00 p.m.-4:00 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 July 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

[[Page 56812]]

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 
10:00 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 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 second 
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 partnership with the National Science Foundation (NSF) to 
establish a new Industry-University Cooperative Research Center (IUCRC) 
to provide research, analysis, and thought leadership to improve the 
insurance sector's modeling and underwriting of terrorism and 
catastrophic cyber risks.; (2) a presentation by FIO staff on the 2024 
Report on the Effectiveness of the Terrorism Risk Insurance Program and 
the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) 
Conference hosted by FIO in April 2024; and (3) a roundtable discussion 
by the members to provide industry insight, based upon the available 
data, on the effectiveness of TRIP, terrorism insurance market 
conditions, ideas for private market risk sharing mechanisms that can 
offset losses arising from acts of terrorism, and the administration of 
TRIP.

    Dated: July 3, 2024.
Stephanie Schmelz,
Deputy Director, Federal Insurance Office.
[FR Doc. 2024-15083 Filed 7-9-24; 8:45 am]
BILLING CODE 4810-AK-P