Notice2021-17800
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Services Surveys: BE-125, Quarterly Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons
Primary source
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Published
August 19, 2021
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Full Text
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<title>Federal Register, Volume 86 Issue 158 (Thursday, August 19, 2021)</title>
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[Federal Register Volume 86, Number 158 (Thursday, August 19, 2021)]
[Notices]
[Pages 46674-46675]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-17800]
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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; Services Surveys: BE-125, Quarterly Survey of Transactions in
Selected Services and Intellectual Property With Foreign Persons
The Department of Commerce will submit the following information
collection request to the Office of Management and Budget (OMB) for
review and clearance, in accordance with the Paperwork Reduction Act of
1995 (PRA), on or after the date of publication of this notice. We
invite 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. Public comments were previously
[[Page 46675]]
requested via the Federal Register on May 5, 2021, during a 60-day
comment period. This notice allows for an additional 30 days for public
comments.
Agency: Bureau of Economic Analysis.
Title: Quarterly Survey of Transactions in Selected Services and
Intellectual Property with Foreign Persons.
OMB Control Number: 0608-0067.
Form Number(s): BE-125.
Type of Request: Regular submission, extension of a current
information collection.
Number of Respondents: 8,800 annually (2,200 filed each quarter;
1,700 reporting mandatory data, and 500 that would file exemption
claims or voluntary responses).
Average Hours per Response: 21 hours is the average for those
reporting data and one hour is the average for those filing an
exemption claim. Hours may vary considerably among respondents because
of differences in company size and complexity.
Burden Hours: 144,800 hours annually.
Needs and Uses: The data are needed to monitor U.S. trade in
services, to analyze the impact of these cross-border services on the
U.S. and foreign economies, to compile and improve the U.S. economic
accounts, to support U.S. commercial policy on trade in services, to
conduct trade promotion, and to improve the ability of U.S. businesses
to identify and evaluate market opportunities. The data are used in
estimating the trade in services component of the U.S. international
transactions accounts (ITAs) and national income and product accounts
(NIPAs).
Affected Public: Business or other for-profit organizations.
Frequency: Quarterly.
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).
This information collection request may be viewed at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>. Follow the instructions to view the Department of
Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information
collection should be submitted within 30 days of the publication of
this notice on the following website <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>.
Find this particular information collection by selecting ``Currently
under 30-day Review--Open for Public Comments'' or by using the search
function and entering either the title of the collection or the OMB
Control Number 0608-0067.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information
Officer, Commerce Department.
[FR Doc. 2021-17800 Filed 8-18-21; 8:45 am]
BILLING CODE 3510-06-P
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