Notice2025-10908
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-11, Annual Survey of U.S. Direct Investment Abroad
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
June 16, 2025
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Abstract
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites 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. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB.
Full Text
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<title>Federal Register, Volume 90 Issue 114 (Monday, June 16, 2025)</title>
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[Federal Register Volume 90, Number 114 (Monday, June 16, 2025)]
[Notices]
[Pages 25207-25208]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-10908]
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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-11, Annual Survey of U.S. Direct
Investment Abroad
AGENCY: Bureau of Economic Analysis, Department of Commerce.
ACTION: Notice of information collection, request for comment.
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SUMMARY: The Department of Commerce, in accordance with the Paperwork
Reduction Act of 1995 (PRA), invites 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. The
purpose of this notice is to allow for 60 days of public comment
preceding submission of the collection to OMB.
DATES: To ensure consideration, comments regarding this proposed
information collection must be received on or before August 15, 2025.
ADDRESSES: Interested persons are invited to submit written comments to
Kirsten Brew, Chief, Multinational Operations Branch, Bureau of
Economic Analysis, U.S. Department of Commerce, by email to
<a href="/cdn-cgi/l/email-protection#054e6c777671606b2b47776072456760642b626a73"><span class="__cf_email__" data-cfemail="82c9ebf0f1f6e7ecacc0f0e7f5c2e0e7e3ace5edf4">[email protected]</span></a> and <a href="/cdn-cgi/l/email-protection#6b3b392a080406060e051f182b090e0a450c041d"><span class="__cf_email__" data-cfemail="29797b684a4644444c475d5a694b4c48074e465f">[email protected]</span></a>.
[[Page 25208]]
Please reference OMB Control Number 0608-0053 in the subject line of
your comments. Do not submit Confidential Business Information or
otherwise sensitive or protected information.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
specific questions related to collection activities should be directed
to Kirsten Brew, Chief, Multinational Operations Branch, Bureau of
Economic Analysis, U.S. Department of Commerce; via email at
<a href="/cdn-cgi/l/email-protection#33785a414047565d1d71415644735156521d545c45"><span class="__cf_email__" data-cfemail="cd86a4bfbeb9a8a3e38fbfa8ba8dafa8ace3aaa2bb">[email protected]</span></a> or by phone at 301-278-9152.
SUPPLEMENTARY INFORMATION:
I. Abstract
The Annual Survey of U.S. Direct Investment Abroad (BE-11) obtains
sample data on the financial structure and operations of U.S. parents
and their foreign affiliates. The data are needed to provide reliable,
useful, and timely measures of U.S. direct investment abroad to assess
its impact on the U.S. and foreign economies. The sample data are used
to derive universe estimates in nonbenchmark years from similar data
reported in the BE-10, Benchmark Survey of U.S. Direct Investment
Abroad, 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.
The Bureau of Economic Analysis (BEA) proposes the following
changes to the BE-11 survey to align its international survey program
with available resources:
Discontinue collection of minority-owned foreign affiliates.
This change would eliminate the annual filing requirement for
minority-owned foreign affiliates that were required to report on
the BE-11C or BE-11D forms. A foreign affiliate is minority owned if
the combined direct and indirect voting ownership interests (or the
equivalent) of the U.S. parent(s) are at least 10 percent, but not
more than 50 percent. The BE-11C form was required to be reported
for minority-owned foreign affiliates whose assets, sales or gross
operating revenues, or net income (loss) exceed $60 million. In
addition, minority-owned foreign affiliates that are newly
established or acquired during the fiscal year that meet the BE-11D
form filing thresholds (total assets, sales or gross operating
revenues, or net income (loss) of more than $25 million but for
which none of these exceed $60 million at the end of the affiliate's
fiscal year) would no longer be required to report.
II. Method of Collection
BEA contacts potential respondents by mail in March of each year;
responses covering a reporting company's fiscal year ending during the
previous calendar year are due by May 31. Reports are required from
each U.S. person that has a direct and/or indirect ownership interest
exceeding 50 percent of the voting stock in an incorporated foreign
business enterprise, or an equivalent interest in an unincorporated
foreign business enterprise, and that meets the additional conditions
detailed in the BE-11 forms and instructions. Entities required to
report will be contacted individually by BEA. Entities not contacted by
BEA have no reporting responsibilities.
BEA offers electronic filing through its eFile system for use in
reporting on the BE-11 annual survey forms. In addition, BEA posts all
its survey forms and reporting instructions on its website
(<a href="http://www.bea.gov/dia">www.bea.gov/dia</a>). These may be downloaded, completed, printed, and
submitted via fax or mail.
Potential respondents of the BE-11 are selected from those U.S.
parents that reported owning foreign business enterprises in the 2024
BE-10, Benchmark Survey of U.S. Direct Investment Abroad, along with
entities that subsequently entered the direct investment universe. The
BE-11 is a sample survey; universe estimates are developed from the
reported sample data.
III. Data
OMB Control Number: 0608-0053.
Form Number: BE-11.
Type of Review: Reinstatement with change of a previously approved
collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 3,000 respondents (U.S. parents).
A complete response includes a BE-11 A form for the U.S. parent's
domestic operation and one or more BE-11 B or D forms for its foreign
affiliates that meet the BE-11 survey requirements. BEA estimates that
U.S. parents will submit 3,000 A forms, 22,000 B forms, 130 D forms,
and 500 Claim for Exemption forms.
Estimated Total Annual Burden Hours: 285,630 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 7 hours
for the A form, 12 hours for the B form, 1 hour for the D form, and 1
hour for the Claim for Exemption form.
Estimated Time per Respondent: 95.2 hours per respondent (285,630
hours/3,000 U.S. parents) is the average but may vary considerably
among respondents because of differences in company structure,
complexity, and the number of foreign affiliates each U.S. parent must
report.
Estimated Total Annual Cost to Public: $0.
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).
IV. Request for Comments
We are soliciting public comments to permit the Department of
Commerce/Bureau of Economic Analysis to: (a) Evaluate whether the
proposed information collection is necessary for the proper functions
of the Department, including whether the information will have
practical utility; (b) Evaluate the accuracy of our estimate of the
time and cost burden for this proposed collection, including the
validity of the methodology and assumptions used; (c) Evaluate ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) Minimize the reporting burden on those who are to
respond, including the use of automated collection techniques or other
forms of information technology.
Comments that you submit in response to this notice are a matter of
public record. We will include or summarize each comment in our request
to OMB to approve this ICR. Before including your address, phone
number, email address, or other personal identifying information in
your comment, you should be aware that your entire comment--including
your personal identifying information--may be made publicly available
at any time. While you may ask us in your comment to withhold your
personal identifying information from public review, we cannot
guarantee that we will be able to do so.
Sheleen Dumas,
Departmental PRA Compliance Officer, Office of the Under Secretary for
Economic Affairs, Commerce Department.
[FR Doc. 2025-10908 Filed 6-13-25; 8:45 am]
BILLING CODE 3510-06-P
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