82_FR_39719 82 FR 39559 - Proposed Information Collection; 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

82 FR 39559 - Proposed Information Collection; 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

DEPARTMENT OF COMMERCE
Bureau of Economic Analysis

Federal Register Volume 82, Issue 160 (August 21, 2017)

Page Range39559-39559
FR Document2017-17565

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.

Federal Register, Volume 82 Issue 160 (Monday, August 21, 2017) 
[Federal Register Volume 82, Number 160 (Monday, August 21, 2017)]
[Notices]
[Page 39559]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17565]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis


Proposed Information Collection; 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, Commerce.

ACTION: Notice.

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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.

DATES: Written comments must be submitted on or before October 20, 
2017.

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-
49), Bureau of Economic Analysis, U.S. Department of Commerce, 4600 
Silver Hill Rd., Washington, DC 20233; phone: (301) 278-9591; or via 
email at [email protected].

SUPPLEMENTARY INFORMATION:

I. 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 and will next be conducted for the 
fiscal year ending in 2017. The data collected through the BE-605 
survey are essential for the preparation of the U.S. international 
transactions, national income and product, and input-output accounts 
and the net international investment position 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) does not propose any changes 
to the survey.

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--2012, along with those U.S. 
business enterprises that subsequently have become at least partly 
foreign owned.

III. Data

    OMB Control Number: 0608-0009.
    Form Number: BE-605.
    Type of Review: Regular submission.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 17,200 annually.
    Estimated Time per Response: One hour is the average, but may vary 
considerably among respondents because of differences in company size 
and complexity.
    Estimated Total Annual Burden Hours: 17,200.
    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/or included in the request for OMB approval of this information 
collection; they also will become a matter of public record.

Sheleen Dumas,
Departmental PRA Lead, Office of Chief Information Officer.
[FR Doc. 2017-17565 Filed 8-18-17; 8:45 am]
BILLING CODE 3510-06-P

Federal Register / Vol. 82, No. 160 / Monday, August 21, 2017 / Notices 39559 certain conditions to prevent the 278–9591; or via email at Potential respondents include those introduction of plant pests into the Patricia.Abaroa@bea.gov. U.S. business enterprises that were United States. SUPPLEMENTARY INFORMATION: required to report on the BE–12, Need and Use of the Information: Benchmark Survey of Foreign Direct APHIS will collect information using I. Abstract Investment in the United States—2012, the following activities: Bilateral The Quarterly Survey of Foreign along with those U.S. business workplan, production site registration, Direct Investment in the United States— enterprises that subsequently have trapping, recordkeeping, phytosanitary Transactions of U.S. Affiliate with become at least partly foreign owned. inspection and a phytosanitary Foreign Parent (Form BE–605) obtains certificate. quarterly data on transactions and III. Data Description of Respondents: Business positions between foreign-owned U.S. or other for-profit; and Foreign Federal business enterprises and their ‘‘affiliated OMB Control Number: 0608–0009. Government. foreign groups’’ (i.e., their foreign Form Number: BE–605. Number of Respondents: 424. parents and foreign affiliates of their Type of Review: Regular submission. Frequency of Responses: Reporting: foreign parents). The survey is a sample survey that covers all U.S. affiliates Affected Public: Business or other for- On occasion, Recordkeeping. Total Burden Hours: 2,880. above a size-exemption level. The profit organizations. sample data are used to derive universe Estimated Number of Responses: Ruth Brown, estimates of direct investment 17,200 annually. Departmental Information Collection transactions, positions, and income in Clearance Officer. Estimated Time per Response: One nonbenchmark years from similar data [FR Doc. 2017–17562 Filed 8–18–17; 8:45 am] reported in the BE–12, Benchmark hour is the average, but may vary BILLING CODE 3410–34–P Survey of Foreign Direct Investment in considerably among respondents the United States, which is conducted because of differences in company size every five years and will next be and complexity. conducted for the fiscal year ending in Estimated Total Annual Burden DEPARTMENT OF COMMERCE 2017. The data collected through the Hours: 17,200. Bureau of Economic Analysis BE–605 survey are essential for the Estimated Total Annual Cost to preparation of the U.S. international Public: $0. Proposed Information Collection; transactions, national income and Comment Request; Direct Investment product, and input-output accounts and Respondent’s Obligation: Mandatory. Surveys: BE–605, Quarterly Survey of the net international investment Legal Authority: International Foreign Direct Investment in the United position of the United States. The data Investment and Trade in Services States—Transactions of U.S. Affiliate are needed to measure the size and Survey Act (Pub. L. 94–472, 22 U.S.C. With Foreign Parent economic significance of foreign direct 3101–3108, as amended). investment in the United States, AGENCY: Bureau of Economic Analysis, measure changes in such investment, IV. Request for Comments Commerce. and assess its impact on the U.S. economy. Comments are invited on: (a) Whether ACTION: Notice. The Bureau of Economic Analysis the proposed collection of information SUMMARY: The Department of (BEA) does not propose any changes to is necessary for the proper performance Commerce, as part of its continuing the survey. of the functions of the Agency, effort to reduce paperwork and including whether the information will respondent burden, invites the general II. Method of Collection have practical utility; (b) the accuracy of public and other Federal agencies to Notice of specific reporting the Agency’s estimate of the burden comment on proposed and/or requirements, including who is to (including hours and cost) of the continuing information collections, as report, the information to be reported, proposed collection of information; (c) required by the Paperwork Reduction the manner of reporting, and the time ways to enhance the quality, utility, and Act of 1995. and place of filing reports, will be clarity of the information to be DATES: Written comments must be mailed to potential respondents each collected; and (d) ways to minimize the submitted on or before October 20, quarter. Reports are due 30 days after burden of the collection of information 2017. the close of each calendar or fiscal on respondents, including through the quarter, or 45 days if the report is for the ADDRESSES: Direct all written comments final quarter of the respondent’s use of automated collection techniques to Jennifer Jessup, Departmental financial reporting year. Reports are or other forms of information Paperwork Clearance Officer, required from every U.S. business technology. Department of Commerce, Room 6616, enterprise in which a foreign entity Comments submitted in response to 14th and Constitution Avenue NW., owns, directly and/or indirectly, 10 this notice will be summarized and/or Washington, DC 20230, or via email at percent or more of the voting securities included in the request for OMB PRAcomments@doc.gov. of the U.S. business enterprise if it is approval of this information collection; asabaliauskas on DSKBBXCHB2PROD with NOTICES FOR FURTHER INFORMATION CONTACT: incorporated, or an equivalent interest if they also will become a matter of public Requests for additional information or it is unincorporated, at any time during record. copies of the information collection the quarter, and that meets the instrument and instructions should be additional conditions detailed in Form Sheleen Dumas, directed to Patricia Abaroa, Chief, Direct BE–605. Certain private funds are Departmental PRA Lead, Office of Chief Investment Division (BE–49), Bureau of exempt from reporting. Entities required Information Officer. Economic Analysis, U.S. Department of to report will be contacted individually [FR Doc. 2017–17565 Filed 8–18–17; 8:45 am] Commerce, 4600 Silver Hill Rd., by BEA. Entities not contacted by BEA BILLING CODE 3510–06–P Washington, DC 20233; phone: (301) have no reporting responsibilities. VerDate Sep<11>2014 18:37 Aug 18, 2017 Jkt 241001 PO 00000 Frm 00004 Fmt 4703 Sfmt 9990 E:\FR\FM\21AUN1.SGM 21AUN1


Document Created: 2017-08-19 00:44:58
Document Modified: 2017-08-19 00:44:58
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesWritten comments must be submitted on or before October 20, 2017.
ContactRequests for additional information or copies of the information collection instrument and instructions should be directed to Patricia Abaroa, Chief, Direct Investment Division (BE- 49), Bureau of Economic Analysis, U.S. Department of Commerce, 4600 Silver Hill Rd., Washington, DC 20233; phone: (301) 278-9591; or via email at [email protected]
FR Citation82 FR 39559 
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