80 FR 32934 - Proposed Information Collection; Comment Request; Direct Investment Surveys: BE-11, Annual Survey of U.S. Direct Investment Abroad
DEPARTMENT OF COMMERCE
Bureau of Economic Analysis Federal Register Volume 80, Issue 111 (June 10, 2015)
Bureau of Economic Analysis
Federal Register Volume 80, Issue 111 (June 10, 2015)
| Page Range | 32934-32935 | |
| FR Document | 2015-14148 |
[Federal Register Volume 80, Number 111 (Wednesday, June 10, 2015)] [Notices] [Pages 32934-32935] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-14148] ----------------------------------------------------------------------- DEPARTMENT OF COMMERCE Bureau of Economic Analysis Proposed Information Collection; 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. ----------------------------------------------------------------------- SUMMARY: The Department of Commerce, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). DATES: Written comments must be submitted on or before August 10, 2015. ADDRESSES: Direct all written comments to Jennifer Jessup, Departmental Paperwork Clearance Officer, Department of Commerce, Room 6616, 14th and Constitution Avenue NW., Washington, DC 20230, or via email at [email protected]. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the information collection instrument and instructions should be directed to Patricia Abaroa, Chief, Direct Investment Division (BE- 50), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; phone: (202) 606-9591; or via email at [email protected]. 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 survey, as proposed, incorporates two changes that were made to the 2014 BE-10, Benchmark Survey of U.S. Direct Investment Abroad, and five new proposed changes. The following two questions that were added to the 2014 benchmark survey will be added to the BE-11 survey: (1) A question to collect the city in which each foreign affiliate is located; and (2) for majority-owned foreign affiliates with assets, sales, or net income greater than $300 million, a question to collect data on cash and cash equivalents on the balance sheet. Other proposed changes are: (1) Two items will be added to the balance sheet section for the U.S. reporter: (i) Equity investments in foreign affiliates, and (ii) all other assets; (2) a question will be added to collect the form of organization of the U.S. reporter; (3) a question will be added to collect expenditures for research and development performed by new foreign affiliates with assets, sales, or net income between $25 million and $60 million; (4) a question will be added to the Claim for Not Filing form to collect the names and BEA ID numbers of any foreign affiliates for which BEA requested a filing but which did not meet the filing criteria; and (5) the BE-11E (abbreviated) sample form for foreign affiliates will be eliminated. The exemption level for reporting on the proposed survey is unchanged from the 2013 BE-11 survey. 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 of at least 10 percent of the voting stock in an incorporated foreign business enterprise, or an equivalent interest in an unincorporated foreign business enterprise, and that [[Page 32935]] 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 Web site (www.bea.gov/dia). 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 2014 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, as described; universe estimates are developed from the reported sample data. III. Data OMB Control Number: 0608-0053. Form Number: BE-11. Type of Review: Regular submission. Affected Public: Businesses or other for-profit organizations. Estimated Number of Respondents: 1,900 U.S. parents filing for their U.S. operations on the A form, for 21,800 foreign affiliates, which include 20,500 B forms, 1,150 C forms, 150 D forms, and 500 Claim for Exemption forms for U.S. operations or foreign affiliates. Estimated Total Annual Burden Hours: 262,250 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, 2 hours for the C form, 1 hour for the D form, and 1 hour for the Claim for Exemption forms. Estimated Time per Respondent: 138.0 hours per respondent (262,250 hours/1,900 U.S. parents) is the average, but may vary considerably among respondents because of differences in company structure, size, and complexity. 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 Comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Agency, including whether the information will have practical utility; (b) the accuracy of the Agency's estimate of the burden (including hours and cost) of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Comments submitted in response to this notice will be summarized and included in the request for OMB approval of this information collection; they also will become a matter of public record. Dated: June 5, 2015. Glenna Mickelson, Management Analyst, Office of Chief Information Officer. [FR Doc. 2015-14148 Filed 6-9-15; 8:45 am] BILLING CODE 3510-06-P
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will be contacted individually by BEA. clarity of the information to be sample data on the financial structure
Entities not contacted by BEA have no collected; and (d) ways to minimize the and operations of U.S. parents and their
reporting responsibilities. burden of the collection of information foreign affiliates. The data are needed to
BEA offers electronic filing through on respondents, including through the provide reliable, useful, and timely
its eFile system for use in reporting on use of automated collection techniques measures of U.S. direct investment
the BE–15 annual survey forms. In or other forms of information abroad to assess its impact on the U.S.
addition, BEA posts all its survey forms technology. and foreign economies. The sample data
and reporting instructions on its Web Comments submitted in response to are used to derive universe estimates in
site (www.bea.gov/fdi). These may be this notice will be summarized and nonbenchmark years from similar data
downloaded, completed, printed, and included in the request for OMB reported in the BE–10, Benchmark
submitted via fax or mail. approval of this information collection; Survey of U.S. Direct Investment
Potential respondents of the BE–15 they also will become a matter of public Abroad, which is conducted every five
are selected from those U.S. business record. years. The data collected include
enterprises that were required to report Dated: June 5, 2015.
balance sheets; income statements;
on the 2012 BE–12, Benchmark Survey property, plant, and equipment;
Glenna Mickelson,
of Foreign Direct Investment in the employment and employee
Management Analyst, Office of Chief compensation; merchandise trade; sales
United States, along with those U.S.
Information Officer.
business enterprises that subsequently of goods and services; taxes; and
[FR Doc. 2015–14188 Filed 6–9–15; 8:45 am] research and development activity.
entered the direct investment universe.
The BE–15 is a sample survey, as BILLING CODE 3510–06–P The survey, as proposed, incorporates
described; universe estimates are two changes that were made to the 2014
developed from the reported sample BE–10, Benchmark Survey of U.S. Direct
DEPARTMENT OF COMMERCE Investment Abroad, and five new
data.
proposed changes. The following two
III. Data Bureau of Economic Analysis
questions that were added to the 2014
OMB Control Number: 0608–0034. Proposed Information Collection; benchmark survey will be added to the
Form Number: BE–15. Comment Request; Direct Investment BE–11 survey: (1) A question to collect
Type of Review: Regular submission. Surveys: BE–11, Annual Survey of U.S. the city in which each foreign affiliate
Affected Public: Businesses or other Direct Investment Abroad is located; and (2) for majority-owned
for-profit organizations. foreign affiliates with assets, sales, or
Estimated Number of Respondents: AGENCY: Bureau of Economic Analysis, net income greater than $300 million, a
4,800 annually, of which approximately Department of Commerce. question to collect data on cash and
1,800 file A forms, 1,100 file B forms, ACTION: Notice. cash equivalents on the balance sheet.
1,400 file C forms, and 500 file Claims Other proposed changes are: (1) Two
for Exemption. SUMMARY: The Department of items will be added to the balance sheet
Estimated Total Annual Burden Commerce, as part of its continuing section for the U.S. reporter: (i) Equity
Hours: 88,625 hours. Total annual effort to reduce paperwork and investments in foreign affiliates, and (ii)
burden is calculated by multiplying the respondent burden, invites the general all other assets; (2) a question will be
estimated number of submissions of public and other Federal agencies to added to collect the form of organization
each form by the average hourly burden comment on proposed and/or of the U.S. reporter; (3) a question will
per form, which is 44.5 hours for the A continuing information collections, as be added to collect expenditures for
form, 4 hours for the B form, 1.75 hours required by the Paperwork Reduction research and development performed by
for the C form, and 1 hour for the Claim Act of 1995, Public Law 104–13 (44 new foreign affiliates with assets, sales,
for Exemption form. U.S.C. 3506(c)(2)(A)). or net income between $25 million and
Estimated Time per Respondent: 18.5 DATES: Written comments must be $60 million; (4) a question will be added
hours per respondent (88,625 hours/ submitted on or before August 10, 2015. to the Claim for Not Filing form to
4,800 respondents) is the average, but ADDRESSES: Direct all written comments
collect the names and BEA ID numbers
may vary considerably among to Jennifer Jessup, Departmental of any foreign affiliates for which BEA
respondents because of differences in Paperwork Clearance Officer, requested a filing but which did not
company size and complexity. meet the filing criteria; and (5) the BE–
Department of Commerce, Room 6616,
Estimated Total Annual Cost to 11E (abbreviated) sample form for
14th and Constitution Avenue NW.,
Public: $0. foreign affiliates will be eliminated. The
Washington, DC 20230, or via email at
Respondent’s Obligation: Mandatory. exemption level for reporting on the
Legal Authority: International jjessup@doc.gov.
proposed survey is unchanged from the
Investment and Trade in Services FOR FURTHER INFORMATION CONTACT: 2013 BE–11 survey.
Survey Act (Pub. L. 94–472, 22 U.S.C. Requests for additional information or
copies of the information collection II. Method of Collection
3101–3108, as amended).
instrument and instructions should be BEA contacts potential respondents
IV. Request for Comments directed to Patricia Abaroa, Chief, Direct by mail in March of each year;
Comments are invited on: (a) Whether Investment Division (BE–50), Bureau of responses covering a reporting
the proposed collection of information Economic Analysis, U.S. Department of company’s fiscal year ending during the
asabaliauskas on DSK5VPTVN1PROD with NOTICES
is necessary for the proper performance Commerce, Washington, DC 20230; previous calendar year are due by May
of the functions of the Agency, phone: (202) 606–9591; or via email at 31. Reports are required from each U.S.
including whether the information will patricia.abaroa@bea.gov. person that has a direct and/or indirect
have practical utility; (b) the accuracy of SUPPLEMENTARY INFORMATION: ownership interest of at least 10 percent
the Agency’s estimate of the burden of the voting stock in an incorporated
(including hours and cost) of the I. Abstract foreign business enterprise, or an
proposed collection of information; (c) The Annual Survey of U.S. Direct equivalent interest in an unincorporated
ways to enhance the quality, utility, and Investment Abroad (BE–11) obtains foreign business enterprise, and that
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![Federal Register / Vol. 80, No. 111 / Wednesday, June 10, 2015 / Notices 32935
meets the additional conditions detailed including whether the information will I. Abstract
in the BE–11 forms and instructions. have practical utility; (b) the accuracy of The Chemical Weapons Convention
Entities required to report will be the Agency’s estimate of the burden (CWC) is a multilateral arms control
contacted individually by BEA. Entities (including hours and cost) of the treaty that seeks to achieve an
not contacted by BEA have no reporting proposed collection of information; (c) international ban on chemical weapons
responsibilities. ways to enhance the quality, utility, and (CW). The CWC prohibits, the use,
BEA offers electronic filing through clarity of the information to be development, production, acquisition,
its eFile system for use in reporting on collected; and (d) ways to minimize the stockpiling, retention, and direct or
the BE–11 annual survey forms. In burden of the collection of information indirect transfer of chemical weapons.
addition, BEA posts all its survey forms on respondents, including through the This collection implements the
and reporting instructions on its Web use of automated collection techniques following provision of the treaty:
site (www.bea.gov/dia). These may be or other forms of information Schedule 1 notification and report:
downloaded, completed, printed, and technology. Under Part VI of the CWC Verification
submitted via fax or mail. Comments submitted in response to Annex, the United States is required to
Potential respondents of the BE–11 this notice will be summarized and notify the Organization for the
are selected from those U.S. parents that included in the request for OMB Prohibition of Chemical Weapons
reported owning foreign business approval of this information collection; (OPCW), the international organization
enterprises in the 2014 BE–10, they also will become a matter of public created to implement the CWC, at least
Benchmark Survey of U.S. Direct record. 30 days before any transfer (export/
Investment Abroad, along with entities
Dated: June 5, 2015. import) of Schedule 1 chemicals to
that subsequently entered the direct
Glenna Mickelson, another State Party. The United States is
investment universe. The BE–11 is a
Management Analyst, Office of Chief also required to submit annual reports
sample survey, as described; universe
Information Officer. to the OPCW on all transfers of
estimates are developed from the
[FR Doc. 2015–14148 Filed 6–9–15; 8:45 am] Schedule 1 Chemicals.
reported sample data.
BILLING CODE 3510–06–P
End-Use Certificates: Under Part VIII
III. Data of the CWC Verification Annex, the
OMB Control Number: 0608–0053. United States is required to obtain End-
Form Number: BE–11. DEPARTMENT OF COMMERCE Use Certificates for transfers of Schedule
Type of Review: Regular submission. 3 chemicals to Non-States Parties to
Affected Public: Businesses or other Bureau of Industry and Security ensure the transferred chemicals are
for-profit organizations. only used for the purposes not
Estimated Number of Respondents: Proposed Information Collection; prohibited under the Convention.
1,900 U.S. parents filing for their U.S. Comment Request; Chemical Weapons
Convention Provisions of the Export II. Method of Collection
operations on the A form, for 21,800
foreign affiliates, which include 20,500 Administration Regulations Submitted electronically or on paper.
B forms, 1,150 C forms, 150 D forms, III. Data
AGENCY: Bureau of Industry and
and 500 Claim for Exemption forms for
Security, Commerce. OMB Control Number: 0694–0117.
U.S. operations or foreign affiliates.
Estimated Total Annual Burden ACTION: Notice. Form Number(s): Not applicable.
Hours: 262,250 hours. Total annual Type of Review: Regular submission
burden is calculated by multiplying the SUMMARY: The Department of extension.
estimated number of submissions of Commerce, as part of its continuing Affected Public: Business or other for-
each form by the average hourly burden effort to reduce paperwork and profit organizations.
per form, which is 7 hours for the A respondent burden, invites the general Estimated Number of Respondents:
form, 12 hours for the B form, 2 hours public and other Federal agencies to 70.
for the C form, 1 hour for the D form, take this opportunity to comment on Estimated Time Per Response: 36
and 1 hour for the Claim for Exemption proposed and/or continuing information minutes.
forms. collections, as required by the Estimated Total Annual Burden
Estimated Time per Respondent: Paperwork Reduction Act of 1995. Hours: 42 hours.
138.0 hours per respondent (262,250 Estimated Total Annual Cost to
DATES:Written comments must be
hours/1,900 U.S. parents) is the average, Public: $0.
submitted on or before August 10, 2015.
but may vary considerably among IV. Request for Comments
respondents because of differences in ADDRESSES: Direct all written comments
company structure, size, and to Jennifer Jessup, Departmental Comments are invited on: (a) whether
complexity. Paperwork Clearance Officer, the proposed collection of information
Estimated Total Annual Cost to Department of Commerce, Room 6616, is necessary for the proper performance
Public: $0. 14th and Constitution Avenue NW, of the functions of the agency, including
Respondent’s Obligation: Mandatory. Washington, DC 20230 (or via the whether the information shall have
Legal Authority: International Internet at JJessup@doc.gov). practical utility; (b) the accuracy of the
agency’s estimate of the burden
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Investment and Trade in Services FOR FURTHER INFORMATION CONTACT:
Survey Act (Pub. L. 94–472, 22 U.S.C. Requests for additional information or (including hours and cost) of the
3101–3108, as amended). copies of the information collection proposed collection of information; (c)
instrument and instructions should be ways to enhance the quality, utility, and
IV. Request for Comments clarity of the information to be
directed to Mark Crace, BIS ICB Liaison,
Comments are invited on: (a) Whether (202) 482–8093, Mark.Crace@ collected; and (d) ways to minimize the
the proposed collection of information bis.doc.gov. burden of the collection of information
is necessary for the proper performance on respondents, including through the
of the functions of the Agency, SUPPLEMENTARY INFORMATION: use of automated collection techniques
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Document Created: 2015-12-15 15:17:12
Document Modified: 2015-12-15 15:17:12
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | Written comments must be submitted on or before August 10, 2015. | |
| Contact | Requests for additional information or copies of the information collection instrument and instructions should be directed to Patricia Abaroa, Chief, Direct Investment Division (BE- 50), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; phone: (202) 606-9591; or via email at [email protected] | |
| FR Citation | 80 FR 32934 |
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