(PACO. 

2. Authority. This Charter is prepared and filed in accordance with the Federal Advisory• 

Committee Act (FACA), as amended, 5 U.S.C. App .. 

3. Objective and Scope of Activities. The purpose of the F ACI is to present advice and 

recommendations to the Federal Insurance Office (PIO) in performing its duties and 

authorities. The advice and recommendations may cover specific or general insurance 

topics, processes, studies and/or reports. FIO's duties and authorities are set out in 

Subpart A of the Federal Insurance Office Act of 2010 (31 U.S.C. 313, et seq.), Title V 

of the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203, 12 

U.S.C. 5301 et seq. (July 21, 2010). The PACI will conduct its work at the direction of 

PIO. The Director of PIO (or designee), will determine what Treasury information will 

be disseminated to the PACI for its use or consideration. 

4. Description of Duties. The duties of the PACI shall be solely advisory and shall extend 

only to the submission of advice and recommendations to PIO, which shall be nonbinding, to PIO. No determination of fact or policy shall be made by the PACI. 

5. Official to Whom the Committee Reports. The PACI reports to FIO's Director (or 

designee). 

6. Support. PIO, with the assistance of professionals in other offices in the U.S. 

Department of the Treasury, shall provide the necessary support to the PACI. 

7. Estimated Annual Operating Cost and Staff Years. The estimated annual operating costs 

of the PACI are approximately $50,000.00. Annual operating costs include reasonable 

travel expenses for members, 0.2 staff support years, and other operating expenses. 

Members shall not be paid for their time or service on the PACI. Members shall be 

reimbursed for their travel-related expenses to attend meetings in accordance with 5 

U.S.C. § 5703 (as for persons intermittently in the government service). 

8. Designated Federal Officer (DFO). The DFO ( or designee) is a full-time federal 

employee who will be appointed by the PIO Director (ordesignee)and shall be responsible 

for the FACI's compliance with the requirements ofFACA and its implementing 

regulations. The DFO will approve or call all of the meetings of t~e PACI and its 

subcommittee(s) (if any), prepare and approve all meeting agendas, attend all PACI and 

subcommittee meetings, adjourn any meeting when determined to be in the public 

interest, and chair meetings when directed by the PIO Director (or designee). 
Date: t:·S· /'f -----'---

Date: <oljl /19 C: --7- ------

David Eisner 

Assistant Secretary for Management 

2 

lo/l'3/ \4 . 

11. Termination. The authority to utilize this committee expires two years from the date 

this Charter is filed, unless the charter is renewed prior to termination. 

12. Membership. The body of the FACI shall consist of up to 25 members. The 

Department of the Treasury shall assure that the FACI reflects balanced membership 

and includes a cross-section of members representative of the views of state and nongovernment persons having an interest in the duties and authorities of FIO, such as 

state and tribal insurance regulators and/or officials, industry experts, and others who 

possess relevant expertise and/or who are representative of affected constituencies or 

expert in issues facing such constituencies. 

13. Subcommittees. The DFO has the authority to create subcommittees that must report 

back to the FACI. The subcommittees, if any, may not provide advice or work 

products directly to FIO or to other offices of the Department of the Treasury. 

14. Recordkeeping. The records of the FACI and its subcommittee(s) will be handled in 

accordance with the General Records Schedule 6.2. The records will be available for 

public inspection and copying, subject to the Freedom of Information Act, 5 U.S.C. 

552. 

15. Filing Date. The Filing Date of this Charteris

Approved: