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)

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, 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