Notice2024-20262
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
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
September 9, 2024
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Full Text
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<title>Federal Register, Volume 89 Issue 174 (Monday, September 9, 2024)</title>
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[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
[Notices]
[Page 73062]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-20262]
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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 requested
via the Federal Register on June 6, 2024, 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.
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.
Estimated Number of Respondents: 11,200 annually (2,800 filed each
quarter; 2,200 reporting mandatory data by country and affiliation, and
600 that would file exemption claims or voluntary responses).
Estimated Time per Response: 21 hours is the average for the 2,200
respondents filing data by country and affiliation and 1 hour for those
filing an exemption claim or voluntary response. Hours may vary
considerably among respondents because of differences in company size
and complexity.
Estimated Total Annual Burden Hours: 187,200.
Needs and Uses: The data are needed to monitor U.S. trade in
services and intellectual property, 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
and intellectual property 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 Under Secretary of
Economic Affairs, Commerce Department.
[FR Doc. 2024-20262 Filed 9-6-24; 8:45 am]
BILLING CODE 3510-06-P
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</html>Indexed from Federal Register on September 9, 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.