Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms, 23436-23437 [2020-08820]

Download as PDF lotter on DSKBCFDHB2PROD with NOTICES 23436 Federal Register / Vol. 85, No. 81 / Monday, April 27, 2020 / Notices Program do not require the support of TRIP; 2. The market for standalone terrorism risk insurance that is written outside of TRIP, including the reasons such coverage is offered and obtained, and whether the existence of such insurance provides any insights into the effectiveness of the Program; 3. The availability and affordability of private reinsurance, or capital markets support, for terrorism risk insurance exposures (both those exposures currently subject to TRIP as well as those otherwise held by insurers participating in TRIP); 4. The extent to which reinsurance for terrorism risk is being obtained as part of overall catastrophe reinsurance programs, the reasons for obtaining reinsurance for terrorism risk in this manner, and how—if at all—this has affected market capacity for terrorism risk reinsurance generally; 5. Any factors that impede private reinsurance or capital markets support for terrorism risk insurance; 6. The availability of terrorism risk insurance coverage for losses arising from nuclear, biological, chemical, or radiological (NBCR) exposures, and the availability of private reinsurance or capital markets support for such terrorism risk insurance; 7. Terrorism risk insurance issues presented by cyber-related losses, and the impact of TRIP in connection with such exposures, including your views as to the nature of the cyber-related terrorism losses that are included within TRIP; 6 8. Any potential changes that would encourage the take up of insurance for cyber-related losses arising from acts of terrorism as defined under TRIA, including but not limited to the modification of the lines of insurance covered by TRIP, revisions to the current sharing mechanisms for cyberrelated losses, and further changes to the certification process as it would apply to a cyber-related terrorism loss; 9. Private reinsurance or capital markets support for cyber-related losses arising from acts of terrorism as defined under TRIA; and 10. Any other issues relating to TRIP, terrorism risk insurance, or reinsurance that may be relevant to FIO’s assessment of the effectiveness of TRIP in the Effectiveness Report. 6 Treasury has previously addressed the application of TRIP to policies covering cyberrelated losses. 81 FR 95312 (December 27, 2016). VerDate Sep<11>2014 17:32 Apr 24, 2020 Jkt 250001 Dated: April 21, 2020. Steven E. Seitz, Director, Federal Insurance Office. [FR Doc. 2020–08817 Filed 4–24–20; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Financial Crimes Enforcement Network Information Collection Requests Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. DATES: Comments should be received on or before May 27, 2020 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Molly Stasko by emailing PRA@treasury.gov, calling (202) 622– 8922, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: SUMMARY: Financial Crimes Enforcement Network (FinCEN) 1. Title: Registration of Money Services Business. OMB Control Number: 1506–0013. Type of Review: Extension without change of a currently approved collection. Description: Under 31 U.S.C. 5330 and its implementing regulation (31 CFR 1022.380), money services businesses must file an initial registration report with FinCEN, renew their registration every two years, reregister under certain circumstances, and maintain a list of their agents. Form: FinCEN Report 107. Affected Public: Business or other forprofit institutions. PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 Estimated Number of Respondents: 36,408. Frequency of Response: As required, Every two years, and Annually. Estimated Total Number of Annual Responses: 36,408. Estimated Time per Response: Varies from 30–70 minutes depending on type of registration. Estimated Total Annual Burden Hours: 22,007. 2. Title: Imposition of Special Measure concerning the Islamic Republic of Iran as a Jurisdiction of Primary Money Laundering Concern. OMB Control Number: 1506–0074. Type of Review: Extension without change of a currently approved collection. Description: FinCEN issued a final rule on November 4, 2019, imposing the fifth special measure to prohibit U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of, Iranian banking institutions. (84 FR 59302). The rule further prohibits U.S. financial institutions from processing transactions for the correspondent account of a foreign bank in the United States if such a transaction involves an Iranian financial institution, and requires institutions to apply special due diligence to guard against such use by Iranian financial institutions. See 31 CFR 1010.661. Form: None. Affected Public: Business or other forprofit institutions. Estimated Number of Respondents: 23,615. Frequency of Response: One-time notification. Estimated Total Number of Annual Responses: 23,615. Estimated Time per Response: 1 hour. Estimated Total Annual Burden Hours: 23,615. (Authority: 44 U.S.C. 3501 et seq.) Dated: April 21, 2020. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2020–08827 Filed 4–24–20; 8:45 am] BILLING CODE 4810–02–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 Advisory Committee on Risk-Sharing SUMMARY: E:\FR\FM\27APN1.SGM 27APN1 23437 Federal Register / Vol. 85, No. 81 / Monday, April 27, 2020 / Notices Mechanisms (ACRSM or Committee) will meet via teleconference on Monday, May 11, 2020 from 10:30 a.m.– 12:30 p.m. Eastern Time. The meeting is open to the public. DATES: The meeting will be held via teleconference on Monday, May 11, from 10:30 a.m.–12:30 p.m. Eastern Time. ADDRESSES: The Committee meeting will be held via teleconference and is open to the public. The public can attend remotely via live webcast at www.yorkcast.com/treasury/events/ 2020/05/11/acrsm. The webcast will also be available through the Committee’s website at https:// home.treasury.gov/policy-issues/ financial-markets-financial-institutionsand-fiscal-service/federal-insuranceoffice/terrorism-risk-insurance-program/ advisory-committee-on-risk-sharingmechanisms-acrsm. Requests for reasonable accommodations under Section 504 of the Rehabilitation Act should be directed to Mariam G. Harvey, Office of Civil Rights and Diversity, Department of the Treasury at (202) 622–0316, or mariam.harvey@ do.treas.gov. 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. 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: 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://www.treasury.gov/ initiatives/fio/acrsm/Pages/default.aspx 17:32 Apr 24, 2020 Jkt 250001 Dated: April 21, 2020. Steven E. Seitz, Director, Federal Insurance Office. [FR Doc. 2020–08820 Filed 4–24–20; 8:45 am] BILLING CODE 4810–25–P Electronic Statements • Send electronic comments to acrsm@treasury.gov. VerDate Sep<11>2014 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 during normal building operations 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 second 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. Specifically, the ACRSM will discuss a draft report containing its initial recommendations to FIO generated by its various subcommittees, and vote on whether to adopt that draft report as the report of the full ACRSM, or make revisions to the draft report before voting upon it. Due to scheduling challenges, this meeting may be announced with less than 15 days notice (see 41 CFR 102–3.150(b)). DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Cemeteries and Memorials, Notice of Meeting Date Time May 5, 2020 .... May 6, 2020 .... 1:00 p.m. to 4:30 p.m. EST. 1:00 p.m. to 4:30 p.m. EST. The meeting sessions are open to the public. If you are interested in attending the meeting virtually, the dial-in number for both days is 1–800–767– 1750, 02668#. The purpose of the Committee is to advise the Secretary of Veterans Affairs on the administration of national cemeteries, soldiers’ lots and plots, the selection of new national cemetery sites, the erection of appropriate memorials, and the adequacy of Federal burial benefits. The Committee will make recommendations to the Secretary regarding such activities. On Tuesday, May 5, 2020, the agenda will include remarks by VA Leadership, a briefing from the Advisory Committee Management Office, discussion on burial benefits for Native American and Alaskan Veterans, status update on October 2019 Recommendations, and public comments. On Wednesday, May 6, 2020, the agenda will include workgroup reports on the recommendations for Emblems of Belief, Outreach Ambassador Program, and Outreach Materials and Strategic Plan, review of any new recommendations, charges and next steps, remarks from departed and departing members, and public comments. Any member of the public wishing to attend the meeting should contact Ms. Christine Hamilton, Designated Federal Officer, at (202) 461–5681. Please leave a voice message. The Committee will also accept written comments. Comments may be transmitted electronically to the Committee at christine.hamilton1@va.gov. In the public’s communications with the Committee, the writers must identify themselves and state the organizations, associations, or persons they represent. Dated: April 22, 2020. Jelessa M. Burney, Federal Advisory Committee Management Officer. [FR Doc. 2020–08887 Filed 4–24–20; 8:45 am] BILLING CODE P The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act that a virtual meeting of the Advisory Committee on Cemeteries and Memorials will be held on May 5, 2020–May 6, 2020. The meeting sessions will be held as follows: PO 00000 Frm 00113 Fmt 4703 Sfmt 9990 E:\FR\FM\27APN1.SGM 27APN1

Agencies

[Federal Register Volume 85, Number 81 (Monday, April 27, 2020)]
[Notices]
[Pages 23436-23437]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08820]


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

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

[[Page 23437]]

Mechanisms (ACRSM or Committee) will meet via teleconference on Monday, 
May 11, 2020 from 10:30 a.m.-12:30 p.m. Eastern Time. The meeting is 
open to the public.

DATES: The meeting will be held via teleconference on Monday, May 11, 
from 10:30 a.m.-12:30 p.m. Eastern Time.

ADDRESSES: The Committee meeting will be held via teleconference and is 
open to the public. The public can attend remotely via live webcast at 
www.yorkcast.com/treasury/events/2020/05/11/acrsm. The webcast will 
also 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 Mariam G. Harvey, Office of 
Civil Rights and Diversity, 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. 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:

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 
during normal building operations 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 second 
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. Specifically, the ACRSM will discuss a draft report containing 
its initial recommendations to FIO generated by its various 
subcommittees, and vote on whether to adopt that draft report as the 
report of the full ACRSM, or make revisions to the draft report before 
voting upon it. Due to scheduling challenges, this meeting may be 
announced with less than 15 days notice (see 41 CFR 102-3.150(b)).

    Dated: April 21, 2020.
Steven E. Seitz,
Director, Federal Insurance Office.
[FR Doc. 2020-08820 Filed 4-24-20; 8:45 am]
 BILLING CODE 4810-25-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.