Treasury Revives Insurance Advisory Panel for Expert Insights
Published Date: 3/10/2026
Notice
Summary
The Treasury Department is bringing back the Federal Advisory Committee on Insurance (FACI) to help keep an eye on the insurance world and spot any problems early. This group, made up of experts from states, industry, and academia, will advise the Federal Insurance Office starting now with a two-year term. No big costs or delays are expected, but the committee’s advice will help protect the financial system and insurance consumers nationwide.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
FACI Reestablished to Advise FIO
The Treasury reestablished the Federal Advisory Committee on Insurance (FACI) to provide advice and recommendations to the Federal Insurance Office (FIO) about monitoring the insurance industry and identifying regulatory gaps that could contribute to a crisis. The FACI will have an initial two-year term and its advice to FIO is solely advisory and non-binding.
Consumer Voices Included on FACI
FACI membership (up to 25 members) will include consumer advocates, academics, and experts focused on insurance consumers, including underserved insurance communities, alongside state regulators and industry representatives. This gives consumer and underserved-community perspectives a formal channel to advise FIO.
Public Meetings and Transparency
The FACI is expected to meet about four times per year, virtually or in person, and its meetings are generally open to the public. This provides a recurring, public forum for information and feedback on insurance topics.
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