Solicitation of Statements of Interest for Membership on the Insurance Policy Advisory Committee, 42400-42401 [2020-15102]

Download as PDF 42400 Federal Register / Vol. 85, No. 135 / Tuesday, July 14, 2020 / Notices FEDERAL MARITIME COMMISSION Information Collection Open for Comment Agency Information Collection Activities: 60-Day Public Comment Request Title: 46 CFR part 515—Licensing, Registration, Financial Responsibility Requirements and General Duties for Ocean Transportation Intermediaries. OMB Control Number: 3072–0018 (Expires Dec 31, 2022). Abstract: The Shipping Act of 1984 (the Act), 46 U.S.C. 40101–41309, as amended, provides that no person in the United States may advertise, hold oneself out, or act as an ocean transportation intermediary (OTI) unless that person holds a license issued by the Commission. The Commission shall issue an OTI license to any person that the Commission determines to be qualified by experience and character to act as an OTI. Further, no person may act as an OTI unless that person furnishes a bond, proof of insurance, or other surety in a form and amount determined by the Commission to insure financial responsibility. The Commission has implemented the Act’s OTI requirements in regulations contained in 46 CFR part 515, including financial responsibility Forms FMC–48, FMC–67, FMC–68, and FMC–69, Optional Rider Forms FMC–48A and FMC–69A, its related license application Form FMC–18, and the related foreign-based unlicensed NVOCC registration/renewal Form FMC–65. Type of Request: Extension with change. Proposed Changes: Through a Final Rule published in Docket No 19–06, the Commission revised its regulations to implement the provisions of the Frank LoBiondo Coast Guard Authorization Act of 2018. The revisions included amendments to the regulations governing OTIs to reflect statutory changes to the types of persons that are required to be licensed and maintain a bond, insurance, or other surety. The Final Rule also revised the regulations governing the general duties of nonvessel-operating common carriers (NVOCCs) to reflect amendments to several prohibited acts. In particular, the Final Rule eliminated the requirement that registered NVOCCs use only licensed OTIs as agents in the United States. Consistent with this change, the Commission proposes to remove that portion of the certification in the Form FMC–65 that requires applicants to certify that they will only use licensed OTIs for any OTI activities performed on their behalf in the United States. Purpose: The Commission uses information obtained under this part and through Form FMC–18 to determine the qualifications of OTIs and their Federal Maritime Commission. Notice and request for comments. AGENCY: ACTION: The Federal Maritime Commission (Commission) will be submitting an Information Collection Request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995. The ICR is for an extension with change of a previously approved information collection. Prior to submitting the ICR to OMB, the Commission invites comments on the information collection listed below in this notice. DATES: Written comments must be submitted on or before September 14, 2020. SUMMARY: Comments should be addressed to: Karen V. Gregory, Managing Director, Office of the Managing Director, Federal Maritime Commission, omd@fmc.gov. FOR FURTHER INFORMATION CONTACT: Copies of the information collection and instructions, or copies of any comments received, may be obtained by contacting Donna Lee at (202) 523–5800 or email: omd@fmc.gov. REQUEST FOR COMMENTS: The Commission, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the information collection extension with change listed in this notice, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.). Comments submitted in response to this notice will be included or summarized in our request for OMB approval of the relevant information collection. All comments are part of the public record and subject to disclosure. Please do not include any confidential or inappropriate material in your comments. We invite comments on: (1) The necessity and utility of the information collection for the proper performance of the agency’s functions; (2) the accuracy of the estimated burden; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) the use of automated collection techniques or other forms of information technology to minimize the information collection burden. ADDRESSES: VerDate Sep<11>2014 17:58 Jul 13, 2020 Jkt 250001 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 compliance with the Act and regulations, and to enable the Commission to discharge its duties under the Act by ensuring that OTIs maintain acceptable evidence of financial responsibility. If the collection of information were not conducted, there would be no basis upon which the Commission could determine if applicants are qualified for licensing. The Commission would also not be able to effectively assess the compliance of foreign-based, unlicensed NVOCCs without the required registration information. Frequency: This information is collected when applicants apply for a license or submit a registration, complete the triennial renewal, or when existing licensees or registrants change their application forms. Type of Respondents: The types of respondents are persons desiring to obtain or maintain a license or registration to advertise, hold themselves out as, or act as an OTI. Under the Act, OTIs may be either an ocean freight forwarder, an NVOCC, or both. Number of Annual Respondents: The Commission estimates a potential annual respondent universe of 6,475 entities. Estimated Time per Response: The time per response to complete application Form FMC–18 averages 2 hours and to complete the triennial renewal is 10 minutes. The time to complete a financial responsibility form averages 20 minutes. The time to complete Form FMC–65 to submit or renew a registration as a foreign-based, unlicensed NVOCC averages 10 minutes. Total Annual Burden: The Commission estimates the total annual burden at 3,918 hours. By the Commission. Rachel Dickon, Secretary. [FR Doc. 2020–15092 Filed 7–13–20; 8:45 am] BILLING CODE 6730–02–P FEDERAL RESERVE SYSTEM Solicitation of Statements of Interest for Membership on the Insurance Policy Advisory Committee Board of Governors of the Federal Reserve System (Board). SUMMARY: The Economic Growth, Regulatory Relief, and Consumer Protection Act established at the Board an Insurance Policy Advisory Committee (IPAC). This announcement advises individuals who wish to serve AGENCY: E:\FR\FM\14JYN1.SGM 14JYN1 Federal Register / Vol. 85, No. 135 / Tuesday, July 14, 2020 / Notices as IPAC members of the opportunity to be considered for the IPAC. DATES: Statements of Interest received on or before September 14, 2020 will be given consideration for selection to the IPAC for appointment in 2020. ADDRESSES: Individuals who are interested in being considered for the IPAC may submit a Statement of Interest to IPAC@frb.gov. The Statement of Interest collects only contact information. Candidates may also choose to provide additional information for consideration as part of their interest in serving on the IPAC. Any such supplemental materials may also be emailed to IPAC@frb.gov. The Privacy Act Statement for IPAC Member Selection, which describes the purposes, authority, effects of nondisclosure, and uses of this information, can be found at https:// www.federalreserve.gov/aboutthefed/ ipac-privacy.htm. Submissions may also be mailed to the Board of Governors of the Federal Reserve System, Attn: Insurance Policy Advisory Committee, 20th Street and Constitution Ave. NW, Washington, DC 20551. FOR FURTHER INFORMATION CONTACT: Thomas Sullivan, Associate Director, (202) 475–7656; Linda Duzick, Manager, (202) 728–5881; or Jan Bauer, Sr. Insurance Policy Analyst, (202) 475– 7697, Division of Supervision and Regulation; or IPAC@frb.gov. SUPPLEMENTARY INFORMATION: The Economic Growth, Regulatory Relief, and Consumer Protection Act established at the Board an Insurance Policy Advisory Committee (IPAC) to advise the Board on international capital standards and other insurance matters. This document advises individuals of the opportunity to be considered for appointment to the IPAC. To assist with the selection of IPAC members, the Board will consider the information submitted by the candidate along with other information that it independently obtains. members only for their actual travel expenses subject to Board policy. Statement of Interest The Statement of Interest for the IPAC collects the following contact information about the candidate: • Full name; • Address; • Phone number; and • Email address. At their option, candidates may also provide additional information for consideration as part of their interest in serving on the IPAC. Qualifications IPAC candidates should be insurance experts. The Board seeks a diverse set of expert perspectives from the various sectors of the U.S. insurance industry including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, and experts on issues facing underserved insurance communities and consumers. The Board also seeks relevant actuarial, legal, regulatory, and accounting expertise, as well as expertise on lines of business underwritten by its currently supervised population of insurance institutions. IPAC members must be willing and able to participate in conference calls and prepare for and attend meetings in person. IPAC membership and attendance is not delegable. By order of the Board of Governors of the Federal Reserve System, acting through the Director of the Division of Supervision & Regulation under delegated authority, June 29, 2020. Ann Misback, Secretary of the Board. [FR Doc. 2020–15102 Filed 7–13–20; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction Council Size and Terms Correction The IPAC will have no more than 21 members. The initial IPAC members, selected in 2019, have staggered terms to provide the IPAC with continuity. Members chosen at subsequent times will be appointed to three-year terms unless the appointment is made to fill an unexpired term. Selected members will serve a three-year term on IPAC commencing on January 1, 2021, unless selected to fill an unexpired term. The Board will provide a nominal honorarium and will reimburse IPAC In the Federal Register of June 24, 2020, in FR Doc. 2020–13633, ‘‘Formations of, Acquisitions by, and Mergers of Bank Holding Companies’’ pursuant to the Bank Holding Company Act of 1956 and the Board’s Regulation Y, under the heading, Federal Reserve Bank of Chicago, Katz Acquisition Corporation, LLC, Tampa, Florida;, on page 37947, in the first column, at the end of the first full paragraph, the comment period end date is corrected to read July 24, 2020. VerDate Sep<11>2014 17:58 Jul 13, 2020 Jkt 250001 PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 42401 Interested persons may view the notice and submit comments as provided in 85 FR 37946 (June 24, 2020) no later than July 24, 2020. Board of Governors of the Federal Reserve System, July 7, 2020. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2020–14985 Filed 7–13–20; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Home Owners’ Loan Act (12 U.S.C. 1461 et seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 CFR part 239), and all other applicable statutes and regulations to become a savings and loan holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a savings association. The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on whether the proposed transaction complies with the standards enumerated in the HOLA (12 U.S.C. 1467a(e)). Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington DC 20551–0001, not later than August 13, 2020. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Forward Mutual Holding Company and Forward Financial, Inc., both of Marshfield, Wisconsin; to convert from bank holding companies to a mutual holding company and a mid-tier stock savings and loan holding company, respectively, by retaining voting shares of Forward Bank, a state savings E:\FR\FM\14JYN1.SGM 14JYN1

Agencies

[Federal Register Volume 85, Number 135 (Tuesday, July 14, 2020)]
[Notices]
[Pages 42400-42401]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15102]


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FEDERAL RESERVE SYSTEM


Solicitation of Statements of Interest for Membership on the 
Insurance Policy Advisory Committee

AGENCY: Board of Governors of the Federal Reserve System (Board).

SUMMARY: The Economic Growth, Regulatory Relief, and Consumer 
Protection Act established at the Board an Insurance Policy Advisory 
Committee (IPAC). This announcement advises individuals who wish to 
serve

[[Page 42401]]

as IPAC members of the opportunity to be considered for the IPAC.

DATES: Statements of Interest received on or before September 14, 2020 
will be given consideration for selection to the IPAC for appointment 
in 2020.

ADDRESSES: Individuals who are interested in being considered for the 
IPAC may submit a Statement of Interest to [email protected]. The Statement 
of Interest collects only contact information. Candidates may also 
choose to provide additional information for consideration as part of 
their interest in serving on the IPAC. Any such supplemental materials 
may also be emailed to [email protected]. The Privacy Act Statement for IPAC 
Member Selection, which describes the purposes, authority, effects of 
nondisclosure, and uses of this information, can be found at https://www.federalreserve.gov/aboutthefed/ipac-privacy.htm.
    Submissions may also be mailed to the Board of Governors of the 
Federal Reserve System, Attn: Insurance Policy Advisory Committee, 20th 
Street and Constitution Ave. NW, Washington, DC 20551.

FOR FURTHER INFORMATION CONTACT: Thomas Sullivan, Associate Director, 
(202) 475-7656; Linda Duzick, Manager, (202) 728-5881; or Jan Bauer, 
Sr. Insurance Policy Analyst, (202) 475-7697, Division of Supervision 
and Regulation; or [email protected].

SUPPLEMENTARY INFORMATION: The Economic Growth, Regulatory Relief, and 
Consumer Protection Act established at the Board an Insurance Policy 
Advisory Committee (IPAC) to advise the Board on international capital 
standards and other insurance matters. This document advises 
individuals of the opportunity to be considered for appointment to the 
IPAC. To assist with the selection of IPAC members, the Board will 
consider the information submitted by the candidate along with other 
information that it independently obtains.

Council Size and Terms

    The IPAC will have no more than 21 members. The initial IPAC 
members, selected in 2019, have staggered terms to provide the IPAC 
with continuity. Members chosen at subsequent times will be appointed 
to three-year terms unless the appointment is made to fill an unexpired 
term. Selected members will serve a three-year term on IPAC commencing 
on January 1, 2021, unless selected to fill an unexpired term. The 
Board will provide a nominal honorarium and will reimburse IPAC members 
only for their actual travel expenses subject to Board policy.

Statement of Interest

    The Statement of Interest for the IPAC collects the following 
contact information about the candidate:
     Full name;
     Address;
     Phone number; and
     Email address.
    At their option, candidates may also provide additional information 
for consideration as part of their interest in serving on the IPAC.

Qualifications

    IPAC candidates should be insurance experts. The Board seeks a 
diverse set of expert perspectives from the various sectors of the U.S. 
insurance industry including life insurance, property and casualty 
insurance and reinsurance, agents and brokers, academics, consumer 
advocates, and experts on issues facing underserved insurance 
communities and consumers. The Board also seeks relevant actuarial, 
legal, regulatory, and accounting expertise, as well as expertise on 
lines of business underwritten by its currently supervised population 
of insurance institutions.
    IPAC members must be willing and able to participate in conference 
calls and prepare for and attend meetings in person. IPAC membership 
and attendance is not delegable.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Director of the Division of Supervision & 
Regulation under delegated authority, June 29, 2020.
Ann Misback,
Secretary of the Board.
[FR Doc. 2020-15102 Filed 7-13-20; 8:45 am]
BILLING CODE P