87 FR 190 pgs. 59774-59775 - Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-577, Quarterly Survey of U.S. Direct Investment Abroad—Transactions of U.S. Reporter With Foreign Affiliate
Type: NOTICEVolume: 87Number: 190Pages: 59774 - 59775
Pages: 59774, 59775FR document: [FR Doc. 2022-21382 Filed 9-30-22; 8:45 am]
Agency: Commerce Department
Sub Agency: Economic Analysis Bureau
Official PDF Version: PDF Version
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-577, Quarterly Survey of U.S. Direct Investment Abroad-Transactions of U.S. Reporter With Foreign Affiliate
The Department of Commerce will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. We invite the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the public's reporting burden. Public comments were previously requested via the Federal Register on 06/14/2022 during a 60-day comment period. This notice allows for an additional 30 days for public comments.
Agency: Bureau of Economic Analysis (BEA), Commerce.
Title: Quarterly Survey of U.S. Direct Investment Abroad.
OMB Control Number: 0608-0004.
Form Number: BE-577.
Type of Request: Regular submission, reinstatement without change.
Number of Respondents: 3,500 U.S. parents filing for 22,700 foreign affiliates per quarter, 90,800 annually.
Average Hours per Response: 1 hour is the average but may vary considerably among respondents because of differences in company structure and complexity.
Burden Hours: 90,800.
[top] Needs and Uses: The Quarterly Survey of U.S. Direct Investment Abroad (BE-577) is a sample survey that covers all foreign affiliates above a size-exemption level. The sample data are used to derive universe estimates in non-benchmark 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 are essential for the preparation of the U.S. international transactions accounts, the national income and product accounts, the input-output accounts, and the international investment position of the United States. The data are needed to measure the size and economic significance of direct investment abroad,
Affected Public: Businesses or other for-profit organizations.
Frequency: Quarterly.
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).
This information collection request may be viewed at www.reginfo.gov. Follow the instructions to view Department of Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information collection should be submitted within 30 days of the publication of this notice on the following website www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting "Currently under 30-day Review-Open for Public Comments" or by using the search function and entering either the title of the collection or the OMB Control Number 0608-0004.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department.
[FR Doc. 2022-21382 Filed 9-30-22; 8:45 am]
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