Notice2023-22576
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Services Surveys: BE-140, Benchmark Survey of Insurance Transactions by U.S. Insurance Companies With Foreign Persons
Primary source
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Published
October 12, 2023
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Full Text
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<title>Federal Register, Volume 88 Issue 196 (Thursday, October 12, 2023)</title>
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[Federal Register Volume 88, Number 196 (Thursday, October 12, 2023)]
[Notices]
[Page 70639]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-22576]
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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-140, Benchmark Survey of Insurance
Transactions by U.S. Insurance Companies 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 requested
via the Federal Register on July 19, 2023, during a 60-day comment
period. This notice allows for an additional 30 days for public
comments.
Agency: Bureau of Economic Analysis, Department of Commerce.
OMB Control Number: 0608-0073.
Form Number(s): BE-140.
Type of Request: Regular submission. Reinstatement with change of a
previously approved collection.
Estimated Number of Respondents: 1,300 annually (1,000 reporting
mandatory data and 300 that would file exemption claims or voluntary
responses).
Estimated Time per Response: 9 hours is the average for the 600
respondents filing data by country and affiliation, 2 hours for the 400
respondents filing data by transaction type only, and 1 hour for those
filing an exemption claim or other response. Hours may vary
considerably among respondents because of differences in company size
and complexity.
Estimated Total Annual Burden Hours: 6,500.
Needs and Uses: The data are needed to monitor U.S. trade in
insurance 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 insurance 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: Every fifth year, for reporting years ending in ``3''
and ``8''.
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 0608-0073.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary of
Economic Affairs, Commerce Department.
[FR Doc. 2023-22576 Filed 10-11-23; 8:45 am]
BILLING CODE 3510-06-P
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