The charter of the FIO’s Federal Advisory Committee on Insurance (FACI) was set to expire on August 4, 2013.  The FACI’s charter was renewed by the Treasury Department and will run through July 29, 2015.  The FACI was originally formed in November 2011 and tasked with "present[ing] advice and recommendations to the Federal Insurance Office to assist the FIO in carrying out its duties and authority." The next meeting of the FACI is scheduled for September 18, 2013.