Notice2026-00736
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 15, 2026
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 91 Issue 10 (Thursday, January 15, 2026)</title>
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[Federal Register Volume 91, Number 10 (Thursday, January 15, 2026)]
[Notices]
[Pages 1747-1748]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-00736]
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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
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: Written comments must be submitted on or before March 16, 2026.
ADDRESSES: Interested persons are invited to submit written comments to
Amanda Budny, Chief, Direct Transactions and Positions Branch, Bureau
of Economic Analysis, U.S. Department of Commerce, by email to
<a href="/cdn-cgi/l/email-protection#7b1a161a151f1a55190e1f15023b191e1a551c140d"><span class="__cf_email__" data-cfemail="bddcd0dcd3d9dc93dfc8d9d3c4fddfd8dc93dad2cb">[email protected]</span></a> and <a href="/cdn-cgi/l/email-protection#93c3c1d2f0fcfefef6fde7e0d3f1f6f2bdf4fce5"><span class="__cf_email__" data-cfemail="6d3d3f2c0e0200000803191e2d0f080c430a021b">[email protected]</span></a>. Please
[[Page 1748]]
reference OMB Control Number 0608-0009 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 Amanda Budny, Chief, Direct Transactions and Positions Branch,
Bureau of Economic Analysis, U.S. Department of Commerce; via phone at
(301) 278-9154; or via email at <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="73321e121d17125d3106171d0a331116125d141c05">[email protected]</a>.
SUPPLEMENTARY INFORMATION:
Abstract
The Quarterly Survey of Foreign Direct Investment in the United
States--Transactions of U.S. Affiliate with Foreign Parent (Form 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 above a size-exemption level. The sample data are used to
derive universe estimates of direct investment transactions, positions,
and income in nonbenchmark 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, national income and product, and net international
investment position accounts 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.
The Bureau of Economic Analysis (BEA) is proposing a change to the
BE-605 survey reporting requirements that will reduce respondent burden
and increase the efficiency of data collection.
Description of Changes
The proposed change amends the reporting requirements for the BE-
605 survey. Specifically, BEA proposes to increase the valuation
threshold in the basic requirement for the survey. Currently, a BE-605
form is required for (1) each directly-owned U.S. affiliate for which
total assets; annual sales or gross operating revenue, excluding sales
taxes; or annual net income after provision for U.S. income taxes was
greater than $60 million (positive or negative) at any time during the
affiliate's fiscal reporting year and (2) each indirectly-owned U.S.
affiliate that met the $60 million threshold and had an intercompany
debt balance.
BEA proposes to increase the threshold for filing the BE-605 from
$60 million to $500 million. BEA has determined that this increased
threshold on the BE-605 would be sufficient to collect the information
necessary to maintain data quality and to provide data users with
insightful statistics measuring the economic impact of these
investments. This proposed change would reduce respondent burden and
the BEA resources needed to collect and process these investments.
II. Method of Collection
Notice of specific reporting requirements, including who is to
report, the information to be reported, the manner of reporting, and
the time and place of filing reports, will be mailed to potential
respondents each quarter. Reports are due 30 days after the close of
each calendar or fiscal quarter, or 45 days if the report is for the
final quarter of the respondent's financial reporting year. Reports are
required from every U.S. business enterprise in which a foreign entity
owns, directly and/or indirectly, 10 percent or more of the voting
securities of the U.S. business enterprise if it is incorporated, or an
equivalent interest if it is unincorporated, at any time during the
quarter, and that meets the additional conditions detailed in Form BE-
605. Certain private funds are exempt from reporting. Entities required
to report will be contacted individually by BEA. Entities not contacted
by BEA have no reporting responsibilities.
Potential respondents include those U.S. business enterprises that
were required to report on the BE-12, Benchmark Survey of Foreign
Direct Investment in the United States--2022, along with those U.S.
business enterprises that subsequently have become at least partly
foreign owned. BEA offers electronic filing through its eFile system
(<a href="http://www.bea.gov/efile">www.bea.gov/efile</a>) for use in reporting on the BE-605 survey forms. In
addition, BEA posts its survey forms and reporting instructions on its
website (<a href="http://www.bea.gov/fdi">www.bea.gov/fdi</a>).
III. Data
OMB Control Number: 0608-0009.
Form Number: BE-605.
Type of Review: Revision.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 2,100 per quarter; 8,400 annually.
Estimated Time per Response: 1 hour is the average but may vary
considerably among respondents because of differences in company
structure and complexity.
Estimated Total Annual Burden Hours: 8,400.
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 by Pub. L.
98-573 and Pub. L. 101-533).
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 Undersecretary for
Economic Affairs, Commerce Department.
[FR Doc. 2026-00736 Filed 1-14-26; 8:45 am]
BILLING CODE 3510-06-P
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