Notice2024-01055
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-605, Quarterly Survey of Foreign Direct Investment in the United States-Transactions of U.S. Affiliate With Foreign Parent
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
January 22, 2024
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Full Text
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<title>Federal Register, Volume 89 Issue 14 (Monday, January 22, 2024)</title>
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[Federal Register Volume 89, Number 14 (Monday, January 22, 2024)]
[Notices]
[Page 3907]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01055]
[[Page 3907]]
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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-605, Quarterly Survey of Foreign
Direct Investment in the United States--Transactions of U.S. Affiliate
With Foreign Parent
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 November 8, 2023 during a 60-day comment period.
This notice allows for an additional 30 days for public comments.
Agency: Bureau of Economic Analysis (BEA), Commerce.
Title: Quarterly Survey of Foreign Direct Investment in the United
States.
OMB Control Number: 0608-0009.
Form Number: BE-605.
Type of Request: Regular submission, reinstatement without change.
Number of Respondents: 6,500 per quarter, 26,000 annually.
Average Hours per Response: 1 hour is the average but may vary
considerably among respondents because of differences in company
structure and complexity.
Burden Hours: 26,000.
Needs and Uses: The Quarterly Survey of Foreign Direct Investment
in the United States (BE-605) obtains quarterly data on transactions
and positions between foreign-owned U.S. business enterprises and their
``affiliated foreign groups'' (i.e., their foreign parents and foreign
affiliates of their foreign parents). The survey is a sample survey
that covers all U.S. affiliates, except for certain private funds,
above a size-exemption level. The sample data are used to derive
universe estimates of direct investment transactions, positions, and
income in non-benchmark years from similar data reported in the BE-12,
Benchmark Survey of Foreign Direct Investment in the United States,
which is conducted every five years. The data collected through the BE-
605 survey are essential for the preparation of the U.S. international
transactions accounts, the national income and product accounts, the
input-output accounts, and the net international investment position of
the United States. The data are needed to measure the size and economic
significance of foreign direct investment in the United States, measure
changes in such investment, and assess its impact on the U.S. economy.
Affected Public: Businesses 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 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 0608-0009.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary for
Economic Affairs, Commerce Department.
[FR Doc. 2024-01055 Filed 1-19-24; 8:45 am]
BILLING CODE 3510-06-P
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</html>Indexed from Federal Register on January 22, 2024.
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.