Notice2023-22813
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-15, Annual Survey of Foreign Direct Investment in the United States
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
October 17, 2023
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Full Text
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<title>Federal Register, Volume 88 Issue 199 (Tuesday, October 17, 2023)</title>
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[Federal Register Volume 88, Number 199 (Tuesday, October 17, 2023)]
[Notices]
[Pages 71531-71532]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-22813]
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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-15, Annual Survey of Foreign
Direct Investment in the United States
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, 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 08/09/2023 during a 60-day comment period. This
notice allows for an additional 30 days for public comments.
Agency: Bureau of Economic Analysis (BEA), Department of Commerce.
Title: Annual Survey of Foreign Direct Investment in the United
States.
OMB Control Number: 0608-0034.
Form Number: BE-15.
Type of Request: Revision of a currently approved collection.
Number of Respondents: 6,550 annually, of which approximately 3,350
file A forms, 1,700 file B forms, 1,000 file C forms, and 500 file
Claim for Exemption forms.
Average Hours per Response: 24.3 hours per respondent (159,038
hours/6,550 respondents) is the average but may vary considerably among
respondents because of differences in company size and complexity.
Burden Hours: 159,038 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 44.75 hours for the A form,
3.75 hours for the B form, 2.25 hours for the C form, and 1 hour for
the Claim for Exemption form.
Needs and Uses: The Annual Survey of Foreign Direct Investment in
the United States (BE-15) obtains sample data on the financial
structure and operations of foreign-owned U.S. business enterprises.
The data are needed to provide reliable, useful, and timely measures of
foreign direct investment in the United States to assess its impact on
the U.S. economy. The sample data are used to derive universe estimates
in non-benchmark years from similar data reported in the BE-12
benchmark survey, 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 for the U.S. operations. In addition to these national data,
several data items are collected by the state, including employment and
property, plant, and equipment.
Affected Public: Businesses or other for-profit organizations.
Frequency: Annual.
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 www.reginfo.gov/
[[Page 71532]]
public/do/PRAMain. 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 0608-0034.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary for
Economic Affairs, Commerce Department.
[FR Doc. 2023-22813 Filed 10-16-23; 8:45 am]
BILLING CODE 3510-06-P
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</html>Indexed from Federal Register on October 17, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.