Proposed Information Collection; Comment Request; Direct Investment Surveys: BE-15, Annual Survey of Foreign Direct Investment in the United States, 17819 [2011-7530]

Agencies

• DEPARTMENT OF COMMERCE
• Bureau of Economic Analysis

[Federal Register Volume 76, Number 62 (Thursday, March 31, 2011)]
[Notices]
[Page 17819]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-7530]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis


Proposed Information Collection; Comment Request; Direct 
Investment Surveys: BE-15, Annual Survey of Foreign Direct Investment 
in the United States

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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

DATES: Written comments must be submitted on or before May 31, 2011.

ADDRESSES: Direct all written comments to Diana Hynek, Departmental 
Paperwork Clearance Officer, Department of Commerce, Room 6616, 14th 
and Constitution Avenue, NW., Washington, DC 20230, or via e-mail at 
dhynek@doc.gov.

FOR FURTHER INFORMATION CONTACT: Request for additional information or 
copies of the information collection instrument and instructions should 
be directed to David H. Galler, Chief, Direct Investment Division (BE-
50), Bureau of Economic Analysis, U.S. Department of Commerce, 
Washington, DC 20230; phone: (202) 606-9835; fax: (202) 606-5318; or 
via e-mail at david.galler@bea.gov.

SUPPLEMENTARY INFORMATION:

I. Abstract

    The Annual Survey of Foreign Direct Investment in the United States 
(Form BE-15) obtains sample data on the financial structure and 
operations of U.S. affiliates of foreign investors. The data are needed 
to provide reliable, useful, and timely measures of foreign direct 
investment in the United States, assess its impact on the U.S. economy, 
and based upon this assessment, make informed policy decisions 
regarding foreign direct investment in the United States. The data are 
used to derive annual estimates of the operations of U.S. affiliates of 
foreign investors, including their 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. In addition, data covering employment are 
collected by state. The data are also used to update similar data for 
the universe of U.S. affiliates collected once every five years on the 
BE-12 benchmark survey.
    The survey forms remain the same as in the past. No changes in the 
data collected or in exemption levels are proposed.

II. Method of Collection

    The BE-15 annual survey is sent to potential respondents in March 
of each year. A completed report covering a reporting company's fiscal 
year ending during the previous calendar year is due by May 31. Reports 
must be filed by every U.S. business enterprise that is owned 10 
percent or more by a foreign investor and that has total assets, sales 
or gross operating revenues, or net income (or loss) of over $40 
million.
    As an alternative to filing paper forms, BEA will offer an 
electronic filing option, its eFile system, for use in reporting on 
Form BE-15. For more information about eFile, go to https://www.bea.gov/efile.
    Potential respondents are those U.S. business enterprises that 
reported in the 2007 benchmark survey of foreign direct investment in 
the United States, along with businesses that subsequently entered the 
direct investment universe. The BE-15 is a sample survey, as described; 
universe estimates are developed from the reported sample data.

III. Data

    OMB Control Number: 0608-0034.
    Form Number: BE-15.
    Type of Review: Regular submission.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 3,650 annually.
    Estimated Time per Response: 18.8 hours is the average, but may 
vary considerably among respondents because of differences in company 
size and complexity.
    Estimated Total Annual Burden Hours: 68,750.
    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 by Pub. L. 
98-573 and Pub. L. 101-533).

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.

    Dated: March 25, 2011.
Glenna Mickelson,
Management Analyst, Office of Chief Information Officer.
[FR Doc. 2011-7530 Filed 3-30-11; 8:45 am]
BILLING CODE 3510-06-P