[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]
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