Notice2021-12719
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-11, Annual Survey of U.S. Direct Investment Abroad
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 16, 2021
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Abstract
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the public's reporting burden. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB.
Full Text
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<title>Federal Register, Volume 86 Issue 114 (Wednesday, June 16, 2021)</title>
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[Federal Register Volume 86, Number 114 (Wednesday, June 16, 2021)]
[Notices]
[Pages 32024-32025]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-12719]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
Agency Information Collection Activities; Submission to the
Office of Management and Budget (OMB) for Review and Approval; Comment
Request; Direct Investment Surveys: BE-11, Annual Survey of U.S. Direct
Investment Abroad
AGENCY: Bureau of Economic Analysis, Department of Commerce.
ACTION: Notice of information collection, request for comment.
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SUMMARY: The Department of Commerce, in accordance with the Paperwork
Reduction Act of 1995 (PRA), invites the general public and other
Federal agencies to comment on proposed, and continuing information
collections, which helps us assess the impact of our information
collection requirements and minimize the public's reporting burden. The
purpose of this notice is to allow for 60 days of public comment
preceding submission of the collection to OMB.
DATES: To ensure consideration, comments regarding this proposed
information collection must be received on or before August 16, 2021.
ADDRESSES: Interested persons are invited to submit written comments to
Ricardo Limes, Chief, Multinational Operations Branch, Bureau of
Economic Analysis, U.S. Department of Commerce, by email to
<a href="/cdn-cgi/l/email-protection#72201b111300161d5c1e1b1f1701321017135c151d04"><span class="__cf_email__" data-cfemail="4b1922282a392f24652722262e380b292e2a652c243d">[email protected]</span></a> and <a href="/cdn-cgi/l/email-protection#9bcbc9daf8f4f6f6fef5efe8dbfff4f8b5fcf4ed"><span class="__cf_email__" data-cfemail="88d8dac9ebe7e5e5ede6fcfbc8ece7eba6efe7fe">[email protected]</span></a>. Please reference OMB
Control Number 0608-0053 in the subject line of your comments. Do not
submit Confidential Business Information or otherwise sensitive or
protected information.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
specific questions related to collection activities should be directed
to Ricardo Limes, Chief, Multinational Operations Branch, Bureau of
Economic Analysis, U.S. Department of Commerce; via phone at (301) 278-
9659; or via email at <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="6d3f040e0c1f090243210400081e2d0f080c430a021b">[email protected]</a>.
SUPPLEMENTARY INFORMATION:
I. Abstract
The Annual Survey of U.S. Direct Investment Abroad (BE-11) obtains
sample data on the financial structure and operations of U.S. parents
and their foreign affiliates. The data are needed to provide reliable,
useful, and timely measures of U.S. direct investment abroad to assess
its impact on the U.S. and foreign economies. The sample data are used
to derive universe estimates in non-benchmark years from similar data
reported in the BE-10, Benchmark Survey of U.S. Direct Investment
Abroad, which is conducted every five years. The data collected include
balance sheets; income statements; property, plant, and equipment;
employment and employee compensation; merchandise trade; sales of goods
and services; taxes; and research and development activity.
The Bureau of Economic Analysis (BEA) is not proposing any changes
to the BE-11 survey.
II. Method of Collection
BEA contacts potential respondents by mail in March of each year;
responses covering a reporting company's fiscal year ending during the
previous calendar year are due by May 31. Reports are required from
each U.S. person that has a direct and/or indirect ownership interest
of at least 10 percent of the voting stock in an incorporated foreign
business enterprise, or an equivalent interest in an unincorporated
foreign business enterprise, and that meets the additional conditions
detailed in the BE-11 forms and instructions. Entities required to
report will be contacted individually by BEA. Entities not contacted by
BEA have no reporting responsibilities.
BEA offers electronic filing through its eFile system for use in
reporting on the BE-11 annual survey forms. In addition, BEA posts all
its survey forms and reporting instructions on its website
(<a href="http://www.bea.gov/dia">www.bea.gov/dia</a>). These may be downloaded, completed, printed, and
submitted via fax or mail.
Potential respondents of the BE-11 are selected from those U.S.
parents that reported owning foreign business enterprises in the 2019
BE-10, Benchmark Survey of U.S. Direct Investment Abroad, along with
entities that subsequently entered the direct investment universe. The
BE-11 is a sample survey; universe estimates are developed from the
reported sample data.
III. Data
OMB Control Number: 0608-0053.
Form Number: BE-11.
Type of Review: Regular submission, reinstatement without change.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 3,500 respondents (U.S. parents).
A complete response includes a BE-11 A form for the U.S. parent's
domestic operation and one or more BE-11 B, C, or D forms for its
foreign affiliates that meet the BE-11 survey requirements. BEA
estimates that U.S. parents will submit 3,500 A forms, 24,000 B forms,
[[Page 32025]]
1,900 C forms, 100 D forms, and 500 Claim for Exemption forms.
Estimated Total Annual Burden Hours: 316,900 hours. Total annual
burden is calculated by multiplying the estimated number of submissions
of each form by the average hourly burden per form, which is 7 hours
for the A form, 12 hours for the B form, 2 hours for the C form, 1 hour
for the D form, and 1 hour for the Claim for Exemption form.
Estimated Time per Respondent: 90.5 hours per respondent (316,900
hours/3,500 U.S. parents) is the average but may vary considerably
among respondents because of differences in company structure,
complexity, and the number of foreign affiliates each U.S. parent must
report.
Estimated Total Annual Cost to Public: $0.
Respondent's Obligation: Mandatory.
Legal Authority: International Investment and Trade in Services
Survey Act (Pub. L. 94-472, 22 U.S.C. 3101-3108, as amended).
IV. Request for Comments
We are soliciting public comments to permit the Department/Bureau
to: (a) Evaluate whether the proposed information collection is
necessary for the proper functions of the Department, including whether
the information will have practical utility; (b) Evaluate the accuracy
of our estimate of the time and cost burden for this proposed
collection, including the validity of the methodology and assumptions
used; (c) Evaluate ways to enhance the quality, utility, and clarity of
the information to be collected; and (d) Minimize the reporting burden
on those who are to respond, including the use of automated collection
techniques or other forms of information technology.
Comments that you submit in response to this notice are a matter of
public record. We will include or summarize each comment in our request
to OMB to approve this ICR. Before including your address, phone
number, email address, or other personal identifying information in
your comment, you should be aware that your entire comment--including
your personal identifying information--may be made publicly available
at any time. While you may ask us in your comment to withhold your
personal identifying information from public review, we cannot
guarantee that we will be able to do so.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information
Officer, Commerce Department.
[FR Doc. 2021-12719 Filed 6-15-21; 8:45 am]
BILLING CODE 3510-06-P
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