80 FR 12438 - BE-577: Quarterly Survey of U.S. Direct Investment Abroad-Transactions of U.S. Reporter With Foreign Affiliate

DEPARTMENT OF COMMERCE
Bureau of Economic Analysis

Federal Register Volume 80, Issue 45 (March 9, 2015)

By this notice, the Bureau of Economic Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory survey titled Quarterly Survey of U.S. Direct Investment Abroad--Transactions of U.S. Reporter with Foreign Affiliate (BE-577). This survey is authorized by the International Investment and Trade in Services Survey Act.

[Federal Register Volume 80, Number 45 (Monday, March 9, 2015)]
[Notices]
[Pages 12438-12439]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-05354]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 150128091-5091-01]
RIN 0691-XC039


BE-577: Quarterly Survey of U.S. Direct Investment Abroad--
Transactions of U.S. Reporter With Foreign Affiliate

AGENCY: Bureau of Economic Analysis, Commerce.

ACTION: Notice of reporting requirements.

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SUMMARY: By this notice, the Bureau of Economic Analysis (BEA), 
Department of Commerce, is informing the public that it is conducting 
the mandatory survey titled Quarterly Survey of U.S. Direct Investment 
Abroad--Transactions of U.S. Reporter with Foreign Affiliate (BE-577). 
This survey is authorized by the International Investment and Trade in 
Services Survey Act.

SUPPLEMENTARY INFORMATION: This notice constitutes legal notification 
to all United States persons (defined below) who meet the reporting 
requirements set forth in this Notice that they must respond to, and 
comply with, the survey. Reports are due 30 days after the close of 
each calendar or fiscal quarter; 45 days if the report is for the final 
quarter of the financial reporting year. This notice is being issued in 
conformance with the rule BEA issued in 2012 (77 FR 24373) establishing 
guidelines for collecting data on international trade in services and 
direct investment through notices, rather than through rulemaking. 
Additional information about BEA's collection of data on international 
trade in services and direct investment can be found in the 2012 rule, 
the International Investment and Trade in Services Survey Act (22 
U.S.C. 3101 et seq.), and 15 CFR part 801. Survey data on international 
trade in services and direct investment that are not collected pursuant 
to the 2012 rule are described separately in 15 CFR part 801. The BE-
577 survey forms and instructions are available on the BEA Web site at 
www.bea.gov/dia.

Definitions

    (a) United States, when used in a geographic sense, means the 50 
States, the District of Columbia, the Commonwealth of Puerto Rico, and 
all territories and possessions of the United States.
    (b) Foreign, when used in a geographic sense, means that which is 
situated outside the United States or which belongs to or is 
characteristic of a country other than the United States.
    (c) Person means any individual, branch, partnership, associated 
group, association, estate, trust, corporation, or other organization 
(whether or not organized under the laws of any State), and any 
government (including a foreign government, the United States 
Government, a State or local government, and any agency, corporation, 
financial institution, or other entity or instrumentality thereof, 
including a government-sponsored agency).
    (d) Business enterprise means any organization, association, 
branch, or venture that exists for profit making purposes or to 
otherwise secure economic advantage, and any ownership of any real 
estate.

Reporting

    Who Must Report: (a) Reports are required from each U.S. person 
that has a direct and/or indirect ownership interest of at least 10 
percent of the

[[Page 12439]]

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 Form BE-577.
    (b) Entities required to report will be contacted individually by 
BEA. Entities not contacted by BEA have no reporting responsibilities.
    What To Report: The survey collects information on transactions 
between parent companies and their affiliates and on direct investment 
positions (stocks).
    How To Report: Reports can be filed using BEA's electronic 
reporting system at www.bea.gov/efile. Copies of the survey forms and 
instructions, which contain complete information on reporting 
procedures and definitions, may be obtained at the BEA Web site given 
above. Form BE-577 inquiries can be made by phone to (202) 606-5557 or 
by sending an email to [email protected].
    When To Report: Reports are due to BEA 30 days after the close of 
each calendar or fiscal quarter; 45 days if the report is for the final 
quarter of the financial reporting year.

Paperwork Reduction Act Notice

    This data collection has been approved by the Office of Management 
and Budget (OMB) in accordance with the Paperwork Reduction Act and 
assigned control number 0608-0004. An agency may not conduct or 
sponsor, and a person is not required to respond to, a collection of 
information unless it displays a valid control number assigned by OMB. 
Public reporting burden for this collection of information is estimated 
to average 1 hour per response. Send comments regarding this burden 
estimate to Director, Bureau of Economic Analysis (BE-1), U.S. 
Department of Commerce, Washington, DC 20230; and to the Office of 
Management and Budget, Paperwork Reduction Project 0608-0004, 
Washington, DC 20503.

    Authority:  22 U.S.C. 3101-3108.

    Dated: February 2, 2015.
Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2015-05354 Filed 3-6-15; 8:45 am]
 BILLING CODE 3510-06-P