Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms, 3107-3108 [2020-00735]

Download as PDF Federal Register / Vol. 85, No. 12 / Friday, January 17, 2020 / Notices is publishing this notice in the Federal Register, in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Fund’s application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Fund. Consideration will be given to any comments that are timely received by Treasury. Dated: January 13, 2020. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2020–00731 Filed 1–16–20; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits Department of the Treasury. Notice of availability; request for comments. AGENCY: ACTION: The Board of Trustees of the Local 807 Labor-Management Pension Plan (Fund), a multiemployer pension plan, has submitted an application to reduce benefits under the plan in accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Fund has been published on the website of the Department of the Treasury (Treasury), and to request public comments on the application from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Fund. DATES: Comments must be received by March 2, 2020. ADDRESSES: You may submit comments electronically through the Federal eRulemaking Portal at https:// www.regulations.gov, in accordance with the instructions on that site. Electronic submissions through www.regulations.gov are encouraged. Comments may also be mailed to the Department of the Treasury, MPRA Office, 1500 Pennsylvania Avenue NW, Room 1224, Washington, DC 20220, Attn: Danielle Norris. Comments sent via facsimile or email will not be accepted. Additional Instructions. All comments received, including attachments and other supporting materials, will be made available to the public. Do not include any personally identifiable information (such as your Social Security number, name, address, lotter on DSKBCFDHB2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:20 Jan 16, 2020 Jkt 250001 or other contact information) or any other information in your comment or supporting materials that you do not want publicly disclosed. Treasury will make comments available for public inspection and copying on www.regulations.gov or upon request. Comments posted on the internet can be retrieved by most internet search engines. FOR FURTHER INFORMATION CONTACT: For information regarding the application from the Fund, please contact Treasury at (202) 622–1534 (not a toll-free number). SUPPLEMENTARY INFORMATION: MPRA amended the Internal Revenue Code to permit a multiemployer plan that is projected to have insufficient funds to reduce pension benefits payable to participants and beneficiaries if certain conditions are satisfied. In order to reduce benefits, the plan sponsor is required to submit an application to the Secretary of the Treasury, which must be approved or denied in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor. On December 30, 2019, the Board of Trustees of the Fund submitted an application for approval to reduce benefits under the plan. As required by MPRA, that application has been published on Treasury’s website at https://www.treasury.gov/services/ Pages/Plan-Applications.aspx. Treasury is publishing this notice in the Federal Register, in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Fund’s application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Fund. Consideration will be given to any comments that are timely received by Treasury. Dated: January 13, 2020. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2020–00732 Filed 1–16–20; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms Departmental Offices, U.S. Department of the Treasury. ACTION: Notice of open meeting. AGENCY: This notice announces that the U.S. Department of the Treasury’s SUMMARY: PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 3107 Advisory Committee on Risk-Sharing Mechanisms (ACRSM) will convene a meeting on Wednesday, February 5, 2020, in the Cash Room, Room 2121, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC 20220, from 2:30 p.m.–4:30 p.m. Eastern Time. The meeting is open to the public, and the site is accessible to individuals with disabilities. The meeting will be held on Wednesday, February 5, 2020, from 2:30 p.m.–4:30 p.m. Eastern Time. DATES: The ACRSM meeting will be held in Room 2121 (Cash Room), U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC 20220. 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 either: 1. Register online. Attendees may visit https://www.cvent.com/d/phqvqx and fill out a secure online registration form. A valid email address will be required to complete online registration. (Note: Online registration will close at 5:00 p.m. Eastern Time on Thursday, January 30, 2020.) 2. Contact the Federal Insurance Office at (202) 622–2922, by 5:00 p.m. Eastern Time on Thursday, January 30, 2020, and provide registration information. Requests for reasonable accommodations under Section 504 of the Rehabilitation Act should be directed to Mariam G. Harvey, Office of Civil Rights and Diversity, U.S. Department of the Treasury at (202) 622–0316, or mariam.harvey@ do.treas.gov. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Richard Ifft, 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) 622–2922 (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. Notice of this meeting is provided in accordance with the Federal Advisory Committee Act, 5 U.S.C. App. 10(a)(2), 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: SUPPLEMENTARY INFORMATION: E:\FR\FM\17JAN1.SGM 17JAN1 3108 Federal Register / Vol. 85, No. 12 / Friday, January 17, 2020 / Notices engage in some amount of pre-funding of risk exposures. Electronic Statements • Send electronic comments to acrsm@treasury.gov. lotter on DSKBCFDHB2PROD with NOTICES Paper Statements • Send paper statements in triplicate to the Advisory Committee on RiskSharing 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://home.treasury.gov/ policy-issues/financial-marketsfinancial-institutions-and-fiscal-service/ federal-insurance-office/terrorism-riskinsurance-program/advisory-committeeon-risk-sharing-mechanisms-acrsm 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 the creation and development of non-governmental, private market risk-sharing mechanisms for protection against losses arising from acts of terrorism. Tentative Agenda/Topics for Discussion: This will be the first ACRSM meeting of 2020. 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. The ACRSM will receive and discuss updates from its various subcommittees, addressing the financial sharing mechanisms of the Terrorism Risk Insurance Program (TRIP); nuclear, biological, chemical, and radiological risk and its treatment under TRIP; cyber insurance and associated certification issues under TRIP presented by cyberrelated losses; and issues related to other risk-sharing mechanisms that VerDate Sep<11>2014 18:20 Jan 16, 2020 Jkt 250001 Dated: January 14, 2020. J. Tyler Williams, Deputy Assistant Secretary for Financial Institutions Policy. [FR Doc. 2020–00735 Filed 1–16–20; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, 10(a)(2), that a meeting will be held at the United States Treasury Department, 15th Street and Pennsylvania Avenue NW, Washington, DC, on February 04, 2020 at 8:00 a.m. of the following debt management advisory committee: Treasury Borrowing Advisory Committee of The Securities Industry and Financial Markets Association. The agenda for the meeting provides for a charge by the Secretary of the Treasury or his designate that the Committee discuss particular issues and conduct a working session. Following the working session, the Committee will present a written report of its recommendations. The meeting will be closed to the public, pursuant to 5 U.S.C. App. 2, 10(d) and Public Law 103–202, 202(c)(1)(B)(31 U.S.C. 3121 note). This notice shall constitute my determination, pursuant to the authority placed in heads of agencies by 5 U.S.C. App. 2, 10(d) and vested in me by Treasury Department Order No. 101–05, that the meeting will consist of discussions and debates of the issues presented to the Committee by the Secretary of the Treasury and the making of recommendations of the Committee to the Secretary, pursuant to Public Law 103–202, 202(c)(1)(B). Thus, this information is exempt from disclosure under that provision and 5 U.S.C. 552b(c)(3)(B). In addition, the meeting is concerned with information that is exempt from disclosure under 5 U.S.C. 552b(c)(9)(A). The public interest requires that such meetings be closed to the public because the Treasury Department requires frank and full advice from representatives of the financial community prior to making its final decisions on major financing operations. Historically, this advice has been offered by debt management advisory committees established by the several major segments of the financial community. When so utilized, such a committee is recognized to be an PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 advisory committee under 5 U.S.C. App. 2, 3. Although the Treasury’s final announcement of financing plans may not reflect the recommendations provided in reports of the Committee, premature disclosure of the Committee’s deliberations and reports would be likely to lead to significant financial speculation in the securities market. Thus, this meeting falls within the exemption covered by 5 U.S.C. 552b(c)(9)(A). Treasury staff will provide a technical briefing to the press on the day before the Committee meeting, following the release of a statement of economic conditions and financing estimates. This briefing will give the press an opportunity to ask questions about financing projections. The day after the Committee meeting, Treasury will release the minutes of the meeting, any charts that were discussed at the meeting, and the Committee’s report to the Secretary. The Office of Debt Management is responsible for maintaining records of debt management advisory committee meetings and for providing annual reports setting forth a summary of Committee activities and such other matters as may be informative to the public consistent with the policy of 5 U.S.C. 552(b). The Designated Federal Officer or other responsible agency official who may be contacted for additional information is Fred Pietrangeli, Director for Office of Debt Management (202) 622–1876. Dated: January 8, 2020. Fred Pietrangeli, Director (for Office of Debt Management). [FR Doc. 2020–00334 Filed 1–16–20; 8:45 am] BILLING CODE 4810–25–M UNIFIED CARRIER REGISTRATION PLAN Sunshine Act Meeting Notice; Unified Carrier Registration Plan Board Subcommittee Meetings January 27, 2020, from 9:00 a.m. to 5:00 p.m., Central time. PLACE: Drury Inn & Suites Riverwalk Hotel, 201 N. St. Mary’s Street, San Antonio, TX. These meetings will also be accessible via conference call. Any interested person may call 1–866–210– 1669, passcode 5253902#, to listen and participate in the open portions of these meetings. STATUS: These meetings will be open to the public. MATTERS TO BE CONSIDERED: The Unified Carrier Registration Plan Board TIME AND DATE: E:\FR\FM\17JAN1.SGM 17JAN1

Agencies

DEPARTMENT OF THE TREASURY

[Federal Register Volume 85, Number 12 (Friday, January 17, 2020)]
[Notices]
[Pages 3107-3108]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00735]


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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.

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

SUMMARY: This notice announces that the U.S. Department of the 
Treasury's Advisory Committee on Risk-Sharing Mechanisms (ACRSM) will 
convene a meeting on Wednesday, February 5, 2020, in the Cash Room, 
Room 2121, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, 
Washington, DC 20220, from 2:30 p.m.-4:30 p.m. Eastern Time. The 
meeting is open to the public, and the site is accessible to 
individuals with disabilities.

DATES: The meeting will be held on Wednesday, February 5, 2020, from 
2:30 p.m.-4:30 p.m. Eastern Time.

ADDRESSES: The ACRSM meeting will be held in Room 2121 (Cash Room), 
U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, 
DC 20220. 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 either:
    1. Register online. Attendees may visit https://www.cvent.com/d/phqvqx and fill out a secure online registration form. A valid email 
address will be required to complete online registration. (Note: Online 
registration will close at 5:00 p.m. Eastern Time on Thursday, January 
30, 2020.)
    2. Contact the Federal Insurance Office at (202) 622-2922, by 5:00 
p.m. Eastern Time on Thursday, January 30, 2020, and provide 
registration information.
    Requests for reasonable accommodations under Section 504 of the 
Rehabilitation Act should be directed to Mariam G. Harvey, Office of 
Civil Rights and Diversity, U.S. Department of the Treasury at (202) 
622-0316, or [email protected].

FOR FURTHER INFORMATION CONTACT: Richard Ifft, 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) 622-2922 (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: Notice of this meeting is provided in 
accordance with the Federal Advisory Committee Act, 5 U.S.C. App. 
10(a)(2), 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:

[[Page 3108]]

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://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 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 the creation and 
development of non-governmental, private market risk-sharing mechanisms 
for protection against losses arising from acts of terrorism.
    Tentative Agenda/Topics for Discussion: This will be the first 
ACRSM meeting of 2020. 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. The ACRSM will receive and discuss updates from its various 
subcommittees, addressing the financial sharing mechanisms of the 
Terrorism Risk Insurance Program (TRIP); nuclear, biological, chemical, 
and radiological risk and its treatment under TRIP; cyber insurance and 
associated certification issues under TRIP presented by cyber-related 
losses; and issues related to other risk-sharing mechanisms that engage 
in some amount of pre-funding of risk exposures.

    Dated: January 14, 2020.
J. Tyler Williams,
Deputy Assistant Secretary for Financial Institutions Policy.
[FR Doc. 2020-00735 Filed 1-16-20; 8:45 am]
BILLING CODE 4810-25-P

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