83 FR 23630 - 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 83, Issue 99 (May 22, 2018)
Bureau of Economic Analysis
Federal Register Volume 83, Issue 99 (May 22, 2018)
| Page Range | 23630-23631 | |
| FR Document | 2018-10941 |
[Federal Register Volume 83, Number 99 (Tuesday, May 22, 2018)] [Notices] [Pages 23630-23631] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-10941] ----------------------------------------------------------------------- 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. DATES: Written comments must be submitted on or before July 23, 2018. [[Page 23631]] 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 PRAcomments@doc.gov. 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; via phone at (301) 278-9591; or via email at Patricia.Abaroa@bea.gov. 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 Bureau of Economic Analysis (BEA) proposes to add one question to the BE-11 survey asking whether a recent Financial Accounting Standards Board (FASB) update on the treatment of leases affects the statistics collected on the 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 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 website (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; 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: Business or other for-profit organizations. Estimated Number of Respondents: 3,150 respondents (U.S. parents). A complete response includes a BE-11 A form for the U.S. parent's domestic operation and one or more BE-11 B, C, or D forms for its foreign affiliates that meet the BE-11 survey requirements. BEA estimates that U.S. parents will submit 3,150 A forms, 25,000 B forms, 1,500 C forms, 200 D forms, and 500 Claim for Exemption forms. Estimated Total Annual Burden Hours: 325,750 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 form. Estimated Time per Respondent: 103.4 hours per respondent (325,750 hours/3,150 U.S. parents) is the average, but may vary considerably among respondents because of differences in company structure, complexity, and the number of foreign affiliates each U.S. parent must report. Estimated Total Annual Cost to Public: $0. Respondent's Obligation: Mandatory. Legal Authority: International Investment and Trade in Services Survey Act (P.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 Lead PRA Officer, Office of Chief Information Officer. [FR Doc. 2018-10941 Filed 5-21-18; 8:45 am] BILLING CODE 3510-06-P
![23630 Federal Register / Vol. 83, No. 99 / Tuesday, May 22, 2018 / Notices
Center at (202) 720–2600 (voice and copies of the information collection Estimated Total Annual Cost to
TTY) or contact USDA through the instrument(s) and instructions should Public: $0. (This is not the cost of
Federal Relay Service at (800) 877–8339. be directed to Scott Handmaker, Chief, respondents’ time, but the indirect costs
Additionally, program information may Classification Processing Branch, U.S. respondents may incur for such things
be made available in languages other Census Bureau, 8K149, Washington, DC as purchases of specialized software or
than English. 20233, Telephone 301–763–7107; Email: hardware needed to report, or
To file a program discrimination Scott.P.Handmaker@census.gov. expenditures for accounting or records
complaint, complete the USDA Program SUPPLEMENTARY INFORMATION: maintenance services required
Discrimination Complaint Form, AD– specifically by the collection.)
3027, found online at http:// I. Abstract Respondent’s Obligation: Mandatory.
www.ascr.usda.gov/complaint_filing_ The Census Bureau conducts the Legal Authority: Title 13, United
cust.html and at any USDA office or Business and Professional Classification States Code, Sections 131, 182, and 193.
write a letter addressed to USDA and Report survey to collect information
provide in the letter all of the from new businesses to obtain proper IV. Request for Comments
information requested in the form. To industry classification for use in Comments are invited on: (a) Whether
request a copy of the complaint form, economic surveys and the Economic the proposed collection of information
call (866) 632–9992. Submit your Census. The survey, conducted is necessary for the proper performance
completed form or letter to USDA by: quarterly, samples businesses with of the functions of the agency, including
(1) Mail: U.S. Department of newly assigned Employer Identification whether the information shall have
Agriculture, Office of the Assistant Numbers (EINs) from the Internal practical utility; (b) the accuracy of the
Secretary for Civil Rights, 1400 Revenue Service (IRS). Businesses can agency’s estimate of the burden
Independence Avenue SW, Washington, only be selected once for the survey. (including hours and cost) of the
DC 20250–9410; The survey collects data about a proposed collection of information; (c)
(2) fax: (202) 690–7442; or business in such areas as: primary ways to enhance the quality, utility, and
(3) email: program.intake@usda.gov business activity, company structure, clarity of the information to be
USDA is an equal opportunity size, and business operations. This collected; and (d) ways to minimize the
provider, employer, and lender. information is used to update the burden of the collection of information
Dated: May 14, 2018. sampling frame for current business on respondents, including through the
Bette B. Brand, surveys, which ensures high quality use of automated collection techniques
Administrator, Rural Business-Cooperative
economic estimates. Additionally, by or other forms of information
Service. ensuring proper industry classification, technology.
[FR Doc. 2018–10866 Filed 5–21–18; 8:45 am]
this survey reduces burden for the Comments submitted in response to
businesses in the five-year Economic this notice will be summarized and/or
BILLING CODE 3410–XY–P
Census, as the questions in the census included in the request for OMB
are tailored to the industry in which the approval of this information collection;
business operates. There are no major they also will become a matter of public
DEPARTMENT OF COMMERCE changes to this collection. Minimal record.
Census Bureau changes will be made to the wording
and organization of existing questions Sheleen Dumas,
and instructions. Departmental Lead PRA Officer, Office of the
Proposed Information Collection; Chief Information Officer.
Comment Request; Business and II. Method of Collection [FR Doc. 2018–10821 Filed 5–21–18; 8:45 am]
Professional Classification Report
We will collect this information over BILLING CODE 3510–07–P
AGENCY: U.S. Census Bureau, the internet and by telephone follow-up.
Commerce. Respondents will receive a letter
ACTION: Notice. directing them to the internet to report DEPARTMENT OF COMMERCE
their information. After three weeks,
SUMMARY: The Department of respondents will receive a reminder Bureau of Economic Analysis
Commerce, as part of its continuing letter about the survey. After the due
effort to reduce paperwork and Proposed Information Collection;
date, the Census Bureau will conduct a
respondent burden, invites the general Comment Request; Direct Investment
telephone follow-up operation for
public and other Federal agencies to Surveys: BE–11, Annual Survey of U.S.
nonresponse. Throughout the survey,
take this opportunity to comment on Direct Investment Abroad
telephone assistance is available for
proposed and/or continuing information respondents with questions and for AGENCY: Bureau of Economic Analysis,
collections, as required by the those that cannot report over the Department of Commerce.
Paperwork Reduction Act of 1995. internet. ACTION: Notice.
DATES: To ensure consideration, written
III. Data
comments must be submitted on or SUMMARY: The Department of
before July 23, 2018. OMB Control Number: 0607–0189. Commerce, as part of its continuing
Form Number(s): SQ–CLASS. effort to reduce paperwork and
ADDRESSES: Direct all written comments
Type of Review: Regular submission.
to Jennifer Jessup, Departmental respondent burden, invites the general
Affected Public: Business or other for
amozie on DSK3GDR082PROD with NOTICES1
Paperwork Clearance Officer, public and other Federal agencies to
profit and not-for-profit institutions.
Department of Commerce, Room 6616, Estimated Number of Respondents: comment on proposed and/or
14th and Constitution Avenue NW, 57,000. continuing information collections, as
Washington, DC 20230 (or via the Estimated Time per Response: 13 required by the Paperwork Reduction
internet at PRAcomments@doc.gov). minutes. Act of 1995.
FOR FURTHER INFORMATION CONTACT: Estimated Total Annual Burden DATES: Written comments must be
Requests for additional information or Hours: 12,350 hours. submitted on or before July 23, 2018.
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![Federal Register / Vol. 83, No. 99 / Tuesday, May 22, 2018 / Notices 23631
ADDRESSES: Direct all written comments BEA offers electronic filing through the Agency’s estimate of the burden
to Jennifer Jessup, Departmental its eFile system for use in reporting on (including hours and cost) of the
Paperwork Clearance Officer, the BE–11 annual survey forms. In proposed collection of information; (c)
Department of Commerce, Room 6616, addition, BEA posts all its survey forms ways to enhance the quality, utility, and
14th and Constitution Avenue NW, and reporting instructions on its website clarity of the information to be
Washington, DC 20230, or via email at (www.bea.gov/dia). These may be collected; and (d) ways to minimize the
PRAcomments@doc.gov. downloaded, completed, printed, and burden of the collection of information
FOR FURTHER INFORMATION CONTACT: submitted via fax or mail. on respondents, including through the
Requests for additional information or Potential respondents of the BE–11 use of automated collection techniques
copies of the information collection are selected from those U.S. parents that or other forms of information
instrument and instructions should be reported owning foreign business technology.
directed to Patricia Abaroa, Chief, Direct enterprises in the 2014 BE–10, Comments submitted in response to
Investment Division (BE–49), Bureau of Benchmark Survey of U.S. Direct this notice will be summarized and/or
Economic Analysis, U.S. Department of Investment Abroad, along with entities included in the request for OMB
Commerce, 4600 Silver Hill Rd, that subsequently entered the direct approval of this information collection;
Washington, DC 20233; via phone at investment universe. The BE–11 is a they also will become a matter of public
(301) 278–9591; or via email at sample survey; universe estimates are record.
Patricia.Abaroa@bea.gov. developed from the reported sample
data. Sheleen Dumas,
SUPPLEMENTARY INFORMATION:
Departmental Lead PRA Officer, Office of
I. Abstract III. Data Chief Information Officer.
The Annual Survey of U.S. Direct OMB Control Number: 0608–0053. [FR Doc. 2018–10941 Filed 5–21–18; 8:45 am]
Investment Abroad (BE–11) obtains Form Number: BE–11. BILLING CODE 3510–06–P
sample data on the financial structure Type of Review: Regular submission.
and operations of U.S. parents and their Affected Public: Business or other for-
foreign affiliates. The data are needed to profit organizations. DEPARTMENT OF COMMERCE
provide reliable, useful, and timely Estimated Number of Respondents:
measures of U.S. direct investment 3,150 respondents (U.S. parents). A Bureau of Economic Analysis
abroad to assess its impact on the U.S. complete response includes a BE–11 A
form for the U.S. parent’s domestic Proposed Information Collection;
and foreign economies. The sample data Comment Request; Direct Investment
are used to derive universe estimates in operation and one or more BE–11 B, C,
or D forms for its foreign affiliates that Surveys: BE–15, Annual Survey of
nonbenchmark years from similar data Foreign Direct Investment in the United
reported in the BE–10, Benchmark meet the BE–11 survey requirements.
BEA estimates that U.S. parents will States
Survey of U.S. Direct Investment
Abroad, which is conducted every five submit 3,150 A forms, 25,000 B forms, AGENCY: Bureau of Economic Analysis,
years. The data collected include 1,500 C forms, 200 D forms, and 500 Department of Commerce.
balance sheets; income statements; Claim for Exemption forms.
Estimated Total Annual Burden ACTION: Notice.
property, plant, and equipment;
employment and employee Hours: 325,750 hours. Total annual
burden is calculated by multiplying the SUMMARY: The Department of
compensation; merchandise trade; sales Commerce, as part of its continuing
of goods and services; taxes; and estimated number of submissions of
each form by the average hourly burden effort to reduce paperwork and
research and development activity. respondent burden, invites the general
The Bureau of Economic Analysis per form, which is 7 hours for the A
form, 12 hours for the B form, 2 hours public and other Federal agencies to
(BEA) proposes to add one question to comment on proposed and/or
the BE–11 survey asking whether a for the C form, 1 hour for the D form,
and 1 hour for the Claim for Exemption continuing information collections, as
recent Financial Accounting Standards
form. required by the Paperwork Reduction
Board (FASB) update on the treatment
Estimated Time per Respondent: Act of 1995.
of leases affects the statistics collected
on the survey. 103.4 hours per respondent (325,750 DATES: Written comments must be
hours/3,150 U.S. parents) is the average, submitted on or before July 23, 2018.
II. Method of Collection but may vary considerably among ADDRESSES: Direct all written comments
BEA contacts potential respondents respondents because of differences in to Jennifer Jessup, Departmental
by mail in March of each year; company structure, complexity, and the Paperwork Clearance Officer,
responses covering a reporting number of foreign affiliates each U.S. Department of Commerce, Room 6616,
company’s fiscal year ending during the parent must report. 14th and Constitution Avenue NW,
previous calendar year are due by May Estimated Total Annual Cost to Washington, DC 20230, or via email at
31. Reports are required from each U.S. Public: $0. PRAcomments@doc.gov.
person that has a direct and/or indirect Respondent’s Obligation: Mandatory.
ownership interest of at least 10 percent FOR FURTHER INFORMATION CONTACT:
Legal Authority: International Investment Requests for additional information or
of the voting stock in an incorporated and Trade in Services Survey Act (P.L. 94–
foreign business enterprise, or an copies of the information collection
472, 22 U.S.C. 3101–3108, as amended).
equivalent interest in an unincorporated instrument and instructions should be
amozie on DSK3GDR082PROD with NOTICES1
foreign business enterprise, and that IV. Request for Comments directed to Patricia Abaroa, Chief, Direct
meets the additional conditions detailed Comments are invited on: (a) Whether Investment Division (BE–49), Bureau of
in the BE–11 forms and instructions. the proposed collection of information Economic Analysis, U.S. Department of
Entities required to report will be is necessary for the proper performance Commerce, 4600 Silver Hill Rd,
contacted individually by BEA. Entities of the functions of the Agency, Washington, DC 20233; or via email at
not contacted by BEA have no reporting including whether the information will Patricia.Abaroa@bea.gov.
responsibilities. have practical utility; (b) the accuracy of SUPPLEMENTARY INFORMATION:
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Document Created: 2018-11-02 11:10:26
Document Modified: 2018-11-02 11:10:26
| 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 July 23, 2018. | |
| 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; via phone at (301) 278-9591; or via email at [email protected] | |
| FR Citation | 83 FR 23630 |
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