Notice2022-01831
BE-125: Quarterly Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons
Primary source
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Published
January 31, 2022
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Abstract
By this Notice, the Bureau of Economic Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory survey titled Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (BE- 125). The data collected on the BE-125 survey are needed to measure U.S. trade in services and to analyze the impact of U.S. trade on the U.S. and foreign economies. This survey is authorized by the International Investment and Trade in Services Survey Act.
Full Text
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<title>Federal Register, Volume 87 Issue 20 (Monday, January 31, 2022)</title>
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[Federal Register Volume 87, Number 20 (Monday, January 31, 2022)]
[Notices]
[Pages 4836-4837]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01831]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 220119-0026]
RIN 0691-XC128
BE-125: Quarterly Survey of Transactions in Selected Services and
Intellectual Property With Foreign Persons
AGENCY: Bureau of Economic Analysis, Commerce.
ACTION: Notice of reporting requirements.
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SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA),
Department of Commerce, is informing the public that it is conducting
the mandatory survey titled Quarterly Survey of Transactions in
Selected Services and Intellectual Property with Foreign Persons (BE-
125). The data collected on the BE-125 survey are needed to measure
U.S. trade in services and to analyze the impact of U.S. trade on the
U.S. and foreign economies. This survey is authorized by the
International Investment and Trade in Services Survey Act.
FOR FURTHER INFORMATION CONTACT: Christopher Stein, Chief, Services
Surveys Branch, Balance of Payments Division, via phone at (301) 278-
9189 or via email at <a href="/cdn-cgi/l/email-protection#88cbe0fae1fbfce7f8e0edfaa6dbfcede1e6c8eaede9a6efe7fe"><span class="__cf_email__" data-cfemail="602308120913140f100805124e331405090e200205014e070f16">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the
reporting requirements for the BE-125 survey form. As noted below, all
entities required to respond to this mandatory survey will be contacted
by BEA. Entities must submit the completed survey forms within 30 days
after the end of each fiscal quarter, except for the final quarter of
the entity's fiscal year
[[Page 4837]]
when reports must be filed within 45 days. This Notice is being issued
in conformance with the rule BEA issued on April 24, 2012 (77 FR
24373), establishing guidelines for collecting data on international
trade in services and direct investment through notices, rather than
through rulemaking. Additional information about BEA's collection of
data on international trade in services and direct investment can be
found in the 2012 rule, the International Investment and Trade in
Services Survey Act (22 U.S.C. 3101 et seq.), and 15 CFR part 801.
Survey data on international trade in services and direct investment
that are not collected pursuant to the 2012 rule are described
separately in 15 CFR part 801. The BE-125 survey form and instructions
are available at <a href="http://www.bea.gov/ssb">www.bea.gov/ssb</a>.
Reporting
Notice of specific reporting requirements, including who is to
report, the information to be reported, the manner of reporting, and
the time and place of filing reports, will be mailed to those required
to complete this survey.
Who Must Report: (a) Reports are required from each U.S. person who
had combined reportable sales of services or intellectual property to
foreign persons that exceeded $6 million during the previous fiscal
year, or are expected to exceed that amount during the current fiscal
year; or had combined reportable purchases of services or intellectual
property from foreign persons that exceeded $4 million during the
previous fiscal year, or are expected to exceed that amount during the
current fiscal year. Because the thresholds are applied separately to
sales and purchases, the reporting requirements may apply only to
sales, only to purchases, or to both. See BE-125 survey form for more
details.
(b) Entities required to report will be contacted individually by
BEA. Entities not contacted by BEA have no reporting responsibilities.
What To Report: The survey collects information on U.S.
international trade in selected services and intellectual property.
How To Report: Reports can be filed using BEA's electronic
reporting system at <a href="http://www.bea.gov/efile">www.bea.gov/efile</a>. Copies of the survey forms and
instructions, which contain complete information on reporting
procedures and definitions, can be downloaded from <a href="http://www.bea.gov/ssb">www.bea.gov/ssb</a> and
submitted through mail or fax. Form BE-125 inquiries can be made by
phone to BEA at (301) 278-9303 or by sending an email to <a href="/cdn-cgi/l/email-protection#b3d1d69e828186dbd6dfc3f3d1d6d29dd4dcc5"><span class="__cf_email__" data-cfemail="680a0d45595a5d000d0418280a0d09460f071e">[email protected]</span></a>.
When To Report: Reports are due to BEA 30 days after the end of
each fiscal quarter, except for the final quarter of the entity's
fiscal year when reports must be filed within 45 days.
Paperwork Reduction Act Notice
This data collection has been approved by the Office of Management
and Budget (OMB) in accordance with the Paperwork Reduction Act and
assigned control number 0608-0067. An agency may not conduct or
sponsor, and a person is not required to respond to, a collection of
information unless it displays a valid control number assigned by OMB.
Public reporting burden for this collection of information is estimated
to average 21 hours per response. Additional information regarding this
burden estimate may be viewed at <a href="http://www.reginfo.gov">www.reginfo.gov</a>; under the Information
Collection Review tab, click on ``Search'' and use the above OMB
control number to search for the current survey instrument. Send
comments regarding this burden estimate to Christopher Stein, Chief,
Services Surveys Branch, Balance of Payments Division, via email at
<a href="/cdn-cgi/l/email-protection#77341f051e040318071f1205592403121e193715121659101801"><span class="__cf_email__" data-cfemail="aae9c2d8c3d9dec5dac2cfd884f9decfc3c4eac8cfcb84cdc5dc">[email protected]</span></a>; and to the Office of Management and Budget,
Paperwork Reduction Project 0608-0067, via email at
<a href="/cdn-cgi/l/email-protection#ade2e4ffecf2fed8cfc0c4dedec4c2c3edc2c0cf83c8c2dd83cac2db"><span class="__cf_email__" data-cfemail="0f40465d4e505c7a6d62667c7c6660614f60626d216a607f21686079">[email protected]</span></a>.
(Authority: 22 U.S.C. 3101-3108)
Paul W. Farello,
Associate Director for International Economics, Bureau of Economic
Analysis.
[FR Doc. 2022-01831 Filed 1-28-22; 8:45 am]
BILLING CODE 3510-06-P
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