Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Services Surveys: BE-185, Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons, 28333-28335 [2021-11101]

Download as PDF Federal Register / Vol. 86, No. 100 / Wednesday, May 26, 2021 / Notices the Business and Professional Classification Report (SQ–CLASS). The primary purpose of SQ–CLASS Report is to meet the ongoing sample needs of the Census Bureau’s various surveys of the retail trade, wholesale trade, and services portions of the economy (our current business surveys) as defined by the North American Industry Classification System (NAICS). The data collected by the SQ–CLASS report are used to update the samples in our current business surveys to reflect newly opened establishments. Additionally, establishments in the fiveyear economic census will receive data collection instruments specifically tailored to their industry based on the classification information obtained by the SQ–CLASS report. Additionally, establishments in the five-year economic census will receive data collection instruments specifically tailored to their industry based on the classification information obtained by the SQ–CLASS report. Businesses in Support Activities for Crop Production (NAICS 1151) and Support Activities for Animal Production (NAICS 1152) will be added to the scope and collection of the 2022 Economic Census in order to fill a recognized measurement gap. To ensure that businesses are properly classified before the 2022 Economic Census collection, the scope of the SQ– CLASS is being expanded to include businesses in the Agriculture Sector (NAICS 11) that are not fully classified. This change adds approximately 6,000 cases to the SQ–CLASS collection in Fiscal Year 2022 and a small number of additional cases in succeeding years, with minor modifications to the SQ– CLASS instrument and instructions. In the Federal Register notice dated March 8, 2021 located in Vol. 86, No. 43, on page 13,280, this change to our sampling structure was not mentioned. To keep current with rapid changes in the marketplace caused by new businesses (a.k.a. births) the Census Bureau samples newly assigned Employer Identification Numbers (EINs) obtained from the Internal Revenue Service (IRS). Each EIN can only be selected once for the SQ–CLASS report. EINs selected for the SQ–CLASS sample are asked to provide data about the establishment(s) associated with the new EIN including a more reliable measure of size, consisting of sales in two recent months, company affiliation information, a new or more detailed industry classification code, and other key information needed to maintain proper coverage of the business universe on the Business Register (BR) for the current business surveys. VerDate Sep<11>2014 20:00 May 25, 2021 Jkt 253001 Based on information collected on the SQ–CLASS form, EINs meeting the criteria for inclusion in the Census Bureau’s current business surveys are eligible for a second phase of sampling. The retail, wholesale, and services EINs selected in this second sampling are asked to report annually on the annual retail, wholesale, and service surveys. A subsample of the retail and wholesale EINs are also asked to report monthly on the monthly retail and wholesale surveys. Similarly, a subsample of the service EINs are asked to report in the quarterly services survey. The Economic Census and the current business surveys represent the primary source of facts about the structure and function of the U.S. economy, providing essential information to government and the business community in making sound decisions. This information helps build the foundation for the calculation of Gross Domestic Product (GDP) and other economic indicators. Crucial to its success are the accuracy and reliability of the BR data, which provides the Economic Census and current business surveys with their establishment lists. Critical to the quality of information housed in the BR is that each of the statistical units has an accurate industry classification, measure of size, activity status, and physical address assigned to it. The vital information obtained from the SQ–CLASS report is fed back to the BR to represent changes in industries and confirm coverage between the years of the Economic Census. We are not proposing any major changes to the collection. Minimal changes are being made to the economic activity descriptions in the primary business activity question on the SQ– CLASS report. These changes include providing additional examples of activities included in a specific economic sector. Respondents will continue to choose the economic sector of their business and then select their type of business from a list of business activities based on their response to the question about their economic sector. If the respondent does not see their business activity listed, then they will provide a brief description of their business activity. This is the same methodology that the Census Bureau uses in the Economic Census to assign industry classification. Affected Public: Business or other forprofit organizations. Frequency: One time. Respondent’s Obligation: Mandatory. Legal Authority: Title 13 U.S.C. Sections 131, 182 and 193. This information collection request may be viewed at www.reginfo.gov. Follow the instructions to view the PO 00000 Frm 00005 Fmt 4703 Sfmt 4703 28333 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 0607–0189. Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department. [FR Doc. 2021–11102 Filed 5–25–21; 8:45 am] BILLING CODE 3510–07–P 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; Services Surveys: BE–185, Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons Bureau of Economic Analysis, Department of Commerce. ACTION: Notice of information collection, request for comment. AGENCY: The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites 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. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB. DATES: To ensure consideration, comments regarding this proposed information collection must be received on or before July 26, 2021. ADDRESSES: Interested persons are invited to submit written comments to Christopher Stein, Chief, Services Surveys Branch, Bureau of Economic Analysis, by email to christopher.stein@ bea.gov or PRAcomments@doc.gov. Please reference OMB Control Number 0608–0065 in the subject line of your comments. Do not submit Confidential SUMMARY: E:\FR\FM\26MYN1.SGM 26MYN1 28334 Federal Register / Vol. 86, No. 100 / Wednesday, May 26, 2021 / Notices Business Information or otherwise sensitive or protected information. FOR FURTHER INFORMATION CONTACT: Requests for additional information or specific questions related to collection activities should be directed to Christopher Stein, Chief, Services Surveys Branch, Bureau of Economic Analysis; (301) 278–9189; or via email at christopher.stein@bea.gov. SUPPLEMENTARY INFORMATION: I. Abstract The Quarterly Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons (Form BE–185) is a survey that collects data from U.S. persons who engage in covered financial services transactions. A U.S. person means any individual, branch, partnership, associated group, association, estate, trust, corporation, or other organization (whether or not organized under the laws of any State), resident in the United States or subject to the jurisdiction of the United States. A U.S. person must report if they had combined sales of covered financial services to foreign persons that exceeded $20 million for the previous fiscal year, or are expected to exceed that amount during the current fiscal year, or if they had combined purchases of covered financial services from foreign persons that exceeded $15 million for the previous fiscal year, or are expected to exceed that amount during the current fiscal year. The data are needed to monitor U.S. trade in financial services, to analyze the impact of these cross-border services on the U.S. and foreign economies, to compile and improve the U.S. economic accounts, to support U.S. commercial policy on trade in services, to conduct trade promotion, and to improve the ability of U.S. businesses to identify and evaluate market opportunities. The data are used in estimating the trade in financial services component of the U.S. international transactions accounts (ITAs) and national income and product accounts (NIPAs). The Bureau of Economic Analysis (BEA) is proposing two modifications to the existing transaction categories covered by the BE–185 survey and a change to the survey due date, beginning with reporting for first quarter 2022. The proposed modifications to the BE–185 survey would allow BEA to increase the quality and usefulness of BEA’s statistics on trade in financial services. BEA proposes to add ‘‘brokerage services related to debt transactions’’ as a separate transaction category. The VerDate Sep<11>2014 20:00 May 25, 2021 Jkt 253001 change will result in three categories for brokerage services, rather than the current two categories on the survey. The three categories collected on the survey will be brokerage services related to equity transactions (code 1), brokerage services related to debt transactions (code 1.1), and brokerage services related to other transactions (code 2). In reviewing brokerage transactions reported on the survey over the last several years, BEA has determined that most survey respondents can provide brokerage related to debt securities because this information is readily available in their records. BEA will provide updated instructions to ensure accurate reporting of brokerage transactions. BEA proposes to break ‘‘financial advisory and custody services’’ into two separate transaction categories. The change will result in two separate transaction categories of financial advisory services (code 7), and financial custody services (code 7.1). In reviewing transactions reported in the combined ‘‘financial advisory and custody services’’ category over the last several years, BEA has determined that these transactions are distinctly different in nature and collecting them in a single transaction category may be confusing to survey respondents. BEA has also determined that most respondents have the ability to report details for these activities separately because this information is readily available in their records. BEA will provide updated instructions to ensure accurate reporting. BEA also proposes to change the due date of the survey to 30 days after the close of each quarter from 45 days for the three quarters that are not the final fiscal quarter of the year. For the close of the final fiscal quarter of the year, reports would be due 45 days after the close of the quarter instead of 90 days. Shortening the reporting timeline will allow BEA to produce more accurate and complete trade in services statistics in preliminary estimates of the ITAs, which is critical information for policymakers’ timely decisions on international trade policy. The earlier due date will allow BEA to use more reported data for preliminary statistics, improving the accuracy of both the aggregates and the country detail, and reducing revisions in subsequent statistical releases. In addition, the proposed reporting deadlines are also consistent with the reporting deadline of BEA’s quarterly direct investment surveys. BEA estimates there will be a small increase in the total burden for the survey due to the change in transaction PO 00000 Frm 00006 Fmt 4703 Sfmt 4703 detail required, but the average number of burden hours per response will continue to average 10 hours for companies filing country detail. BEA estimates that approximately 100 survey respondents will experience a burden increase of less than 10 percent. Although the estimated change is measurable, only a small portion of the total reporters are affected. BEA believes these data are readily available in their accounting records. When total burden for completing the survey is averaged across all reporters, factoring in the additional time BEA believes these reporters will spend complying with the survey, burden for completing the survey continues to average 10 hours per response. BEA estimates there will be no change in burden hours per response as a result of the proposed change in survey due dates. While survey respondents will have to file earlier, the burden for the survey is unchanged because the same information, other than the two changes described above, will be required on the survey as in the past. The language in the instructions and definitions will be reviewed and adjusted as necessary to clarify survey requirements. II. Method of Collection BEA contacts potential respondents by mail at the end of each quarter. Respondents would be required to file the completed BE–185 forms within 30 days after the end of each fiscal quarter that is not the final fiscal quarter of the year and within 45 days after the close of the final fiscal quarter of the year. Reports would be required from each U.S. person that had combined sales of covered financial services to foreign persons that exceeded $20 million for the previous fiscal year, or are expected to exceed that amount during the current fiscal year, or that had combined purchases of covered financial services from foreign persons that exceeded $15 million for the previous fiscal year, or that are expected to exceed that amount during the current fiscal year. Entities required to report will be contacted individually by BEA. Entities not contacted by BEA have no reporting responsibilities. BEA offers its electronic filing option, the eFile system, for use in reporting on Form BE–185. For more information about eFile, go to www.bea.gov/efile. In addition, BEA posts all its survey forms and reporting instructions on its website, www.bea.gov/ssb. These may be downloaded, completed, printed, and submitted via fax or mail. III. Data OMB Control Number: 0608–0065. E:\FR\FM\26MYN1.SGM 26MYN1 Federal Register / Vol. 86, No. 100 / Wednesday, May 26, 2021 / Notices Form Number(s): BE–185. Type of Review: Regular submission. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 2,860 annually (715 filed each quarter; 580 reporting mandatory data, and 135 that would file exemption claims or voluntary responses). Estimated Time per Response: 10 hours is the average for those reporting data and one hour is the average for those filing an exemption claim. Hours may vary considerably among respondents because of differences in company size and complexity. Estimated Total Annual Burden Hours: 24,140. 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), and Section 5408 of the Omnibus Trade and Competitiveness Act of 1988. 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 that you submit in response to this notice are a matter of public record. We will include or summarize each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your personal identifying information—may be made publicly available at any time. While you may ask us in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so. Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department. [FR Doc. 2021–11101 Filed 5–25–21; 8:45 am] BILLING CODE 3510–06–P VerDate Sep<11>2014 20:00 May 25, 2021 Jkt 253001 DEPARTMENT OF COMMERCE Foreign-Trade Zones Board [B–03–2021] Foreign-Trade Zone (FTZ) 38— Charleston, South Carolina; Authorization of Production Activity; BMW Manufacturing Company, LLC (Passenger Motor Vehicles), Spartanburg, South Carolina On January 21, 2021, BMW Manufacturing Company, LLC (BMW MC) submitted a notification of proposed production activity to the FTZ Board for its facility within Subzone 38A, in Spartanburg, South Carolina. The notification was processed in accordance with the regulations of the FTZ Board (15 CFR part 400), including notice in the Federal Register inviting public comment (86 FR 7694–7695, February 1, 2021). On May 21, 2021, the applicant was notified of the FTZ Board’s decision that no further review of the activity is warranted at this time. The production activity described in the notification was authorized, subject to the FTZ Act and the FTZ Board’s regulations, including Section 400.14. Dated: May 21, 2021. Elizabeth Whiteman, Acting Executive Secretary. [FR Doc. 2021–11135 Filed 5–25–21; 8:45 am] BILLING CODE 3510–DS–P DEPARTMENT OF COMMERCE Bureau of Industry and Security [Docket No. 210325–0066] RIN 0694–XC076 Reporting for Calendar Year 2020 on Offsets Agreements Related to Sales of Defense Articles or Defense Services to Foreign Countries or Foreign Firms Bureau of Industry and Security, Department of Commerce. ACTION: Notice; annual reporting requirements. AGENCY: This notice is to remind the public that U.S. firms are required to report annually to the Department of Commerce (Commerce) information on contracts for the sale of defense articles or defense services to foreign countries or foreign firms that are subject to offsets agreements exceeding $5,000,000 in value. U.S. firms are also required to report annually to Commerce information on offsets transactions completed in performance of existing offsets commitments for which offsets SUMMARY: PO 00000 Frm 00007 Fmt 4703 Sfmt 4703 28335 credit of $250,000 or more has been claimed from the foreign representative. This year, such reports must include relevant information from calendar year 2020 and must be submitted to Commerce no later than June 15, 2021. ADDRESSES: Submit reports in both hard copy and electronically. Address the hard copy to ‘‘Offsets Program Manager, U.S. Department of Commerce, Office of Strategic Industries and Economic Security, Bureau of Industry and Security (BIS), Room 3878, Washington, DC 20230’’. Submit electronic copies to OffsetReport@bis.doc.gov. FOR FURTHER INFORMATION CONTACT: Ronald DeMarines, Office of Strategic Industries and Economic Security, Bureau of Industry and Security, U.S. Department of Commerce, telephone: 202–482–3755; fax: 202–482–5650; email: ronald.demarines@bis.doc.gov. SUPPLEMENTARY INFORMATION: Background Section 723(a)(1) of the Defense Production Act of 1950, as amended (DPA) (50 U.S.C. 4568 (2021)) requires the President to submit an annual report to Congress on the impact of offsets on the U.S. defense industrial base. Section 723(a)(2) directs the Secretary of Commerce (Secretary) to prepare the President’s report and to develop and administer the regulations necessary to collect offsets data from U.S. defense exporters. The authorities of the Secretary regarding offsets have been delegated to the Under Secretary of Commerce for Industry and Security. The regulations associated with offsets reporting are set forth in part 701 of title 15 of the Code of Federal Regulations (Offsets Regulations). Offsets are compensation practices required as a condition of purchase in either government-togovernment or commercial sales of defense articles and/or defense services, as defined by the Arms Export Control Act (22 U.S.C. 2778) and the International Traffic in Arms Regulations (22 CFR 120–130). Offsets are also applicable to certain items controlled on the Commerce Control list (CCL) and with an Export Control Classification Number (ECCN) including the numeral ‘‘6’’ as its third character. The CCL is found in Supplement No. 1 to part 774 of the Export Administration Regulations. An example of an offset is as follows: A company that is selling a fleet of military aircraft to a foreign government may agree to offset the cost of the aircraft by providing training assistance to plant managers in the purchasing country. Although this distorts the true E:\FR\FM\26MYN1.SGM 26MYN1

Agencies

[Federal Register Volume 86, Number 100 (Wednesday, May 26, 2021)]
[Notices]
[Pages 28333-28335]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-11101]


-----------------------------------------------------------------------

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; Services Surveys: BE-185, Quarterly Survey of Financial 
Services Transactions Between U.S. Financial Services Providers and 
Foreign Persons

AGENCY: Bureau of Economic Analysis, Department of Commerce.

ACTION: Notice of information collection, request for comment.

-----------------------------------------------------------------------

SUMMARY: The Department of Commerce, in accordance with the Paperwork 
Reduction Act of 1995 (PRA), invites 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. The 
purpose of this notice is to allow for 60 days of public comment 
preceding submission of the collection to OMB.

DATES: To ensure consideration, comments regarding this proposed 
information collection must be received on or before July 26, 2021.

ADDRESSES: Interested persons are invited to submit written comments to 
Christopher Stein, Chief, Services Surveys Branch, Bureau of Economic 
Analysis, by email to [email protected] or [email protected]. 
Please reference OMB Control Number 0608-0065 in the subject line of 
your comments. Do not submit Confidential

[[Page 28334]]

Business Information or otherwise sensitive or protected information.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
specific questions related to collection activities should be directed 
to Christopher Stein, Chief, Services Surveys Branch, Bureau of 
Economic Analysis; (301) 278-9189; or via email at 
[email protected].

SUPPLEMENTARY INFORMATION:

I. Abstract

    The Quarterly Survey of Financial Services Transactions between 
U.S. Financial Services Providers and Foreign Persons (Form BE-185) is 
a survey that collects data from U.S. persons who engage in covered 
financial services transactions. A U.S. person means any individual, 
branch, partnership, associated group, association, estate, trust, 
corporation, or other organization (whether or not organized under the 
laws of any State), resident in the United States or subject to the 
jurisdiction of the United States. A U.S. person must report if they 
had combined sales of covered financial services to foreign persons 
that exceeded $20 million for the previous fiscal year, or are expected 
to exceed that amount during the current fiscal year, or if they had 
combined purchases of covered financial services from foreign persons 
that exceeded $15 million for the previous fiscal year, or are expected 
to exceed that amount during the current fiscal year.
    The data are needed to monitor U.S. trade in financial services, to 
analyze the impact of these cross-border services on the U.S. and 
foreign economies, to compile and improve the U.S. economic accounts, 
to support U.S. commercial policy on trade in services, to conduct 
trade promotion, and to improve the ability of U.S. businesses to 
identify and evaluate market opportunities. The data are used in 
estimating the trade in financial services component of the U.S. 
international transactions accounts (ITAs) and national income and 
product accounts (NIPAs).
    The Bureau of Economic Analysis (BEA) is proposing two 
modifications to the existing transaction categories covered by the BE-
185 survey and a change to the survey due date, beginning with 
reporting for first quarter 2022. The proposed modifications to the BE-
185 survey would allow BEA to increase the quality and usefulness of 
BEA's statistics on trade in financial services.
    BEA proposes to add ``brokerage services related to debt 
transactions'' as a separate transaction category. The change will 
result in three categories for brokerage services, rather than the 
current two categories on the survey. The three categories collected on 
the survey will be brokerage services related to equity transactions 
(code 1), brokerage services related to debt transactions (code 1.1), 
and brokerage services related to other transactions (code 2). In 
reviewing brokerage transactions reported on the survey over the last 
several years, BEA has determined that most survey respondents can 
provide brokerage related to debt securities because this information 
is readily available in their records. BEA will provide updated 
instructions to ensure accurate reporting of brokerage transactions.
    BEA proposes to break ``financial advisory and custody services'' 
into two separate transaction categories. The change will result in two 
separate transaction categories of financial advisory services (code 
7), and financial custody services (code 7.1). In reviewing 
transactions reported in the combined ``financial advisory and custody 
services'' category over the last several years, BEA has determined 
that these transactions are distinctly different in nature and 
collecting them in a single transaction category may be confusing to 
survey respondents. BEA has also determined that most respondents have 
the ability to report details for these activities separately because 
this information is readily available in their records. BEA will 
provide updated instructions to ensure accurate reporting.
    BEA also proposes to change the due date of the survey to 30 days 
after the close of each quarter from 45 days for the three quarters 
that are not the final fiscal quarter of the year. For the close of the 
final fiscal quarter of the year, reports would be due 45 days after 
the close of the quarter instead of 90 days. Shortening the reporting 
timeline will allow BEA to produce more accurate and complete trade in 
services statistics in preliminary estimates of the ITAs, which is 
critical information for policymakers' timely decisions on 
international trade policy. The earlier due date will allow BEA to use 
more reported data for preliminary statistics, improving the accuracy 
of both the aggregates and the country detail, and reducing revisions 
in subsequent statistical releases. In addition, the proposed reporting 
deadlines are also consistent with the reporting deadline of BEA's 
quarterly direct investment surveys.
    BEA estimates there will be a small increase in the total burden 
for the survey due to the change in transaction detail required, but 
the average number of burden hours per response will continue to 
average 10 hours for companies filing country detail. BEA estimates 
that approximately 100 survey respondents will experience a burden 
increase of less than 10 percent. Although the estimated change is 
measurable, only a small portion of the total reporters are affected. 
BEA believes these data are readily available in their accounting 
records. When total burden for completing the survey is averaged across 
all reporters, factoring in the additional time BEA believes these 
reporters will spend complying with the survey, burden for completing 
the survey continues to average 10 hours per response.
    BEA estimates there will be no change in burden hours per response 
as a result of the proposed change in survey due dates. While survey 
respondents will have to file earlier, the burden for the survey is 
unchanged because the same information, other than the two changes 
described above, will be required on the survey as in the past. The 
language in the instructions and definitions will be reviewed and 
adjusted as necessary to clarify survey requirements.

II. Method of Collection

    BEA contacts potential respondents by mail at the end of each 
quarter. Respondents would be required to file the completed BE-185 
forms within 30 days after the end of each fiscal quarter that is not 
the final fiscal quarter of the year and within 45 days after the close 
of the final fiscal quarter of the year. Reports would be required from 
each U.S. person that had combined sales of covered financial services 
to foreign persons that exceeded $20 million for the previous fiscal 
year, or are expected to exceed that amount during the current fiscal 
year, or that had combined purchases of covered financial services from 
foreign persons that exceeded $15 million for the previous fiscal year, 
or that are expected to exceed that amount during the current fiscal 
year. Entities required to report will be contacted individually by 
BEA. Entities not contacted by BEA have no reporting responsibilities.
    BEA offers its electronic filing option, the eFile system, for use 
in reporting on Form BE-185. For more information about eFile, go to 
www.bea.gov/efile. In addition, BEA posts all its survey forms and 
reporting instructions on its website, www.bea.gov/ssb. These may be 
downloaded, completed, printed, and submitted via fax or mail.

III. Data

    OMB Control Number: 0608-0065.

[[Page 28335]]

    Form Number(s): BE-185.
    Type of Review: Regular submission.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 2,860 annually (715 filed each 
quarter; 580 reporting mandatory data, and 135 that would file 
exemption claims or voluntary responses).
    Estimated Time per Response: 10 hours is the average for those 
reporting data and one hour is the average for those filing an 
exemption claim. Hours may vary considerably among respondents because 
of differences in company size and complexity.
    Estimated Total Annual Burden Hours: 24,140.
    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), and 
Section 5408 of the Omnibus Trade and Competitiveness Act of 1988.

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 that you submit in response to this notice are a matter of 
public record. We will include or summarize each comment in our request 
to OMB to approve this ICR. Before including your address, phone 
number, email address, or other personal identifying information in 
your comment, you should be aware that your entire comment--including 
your personal identifying information--may be made publicly available 
at any time. While you may ask us in your comment to withhold your 
personal identifying information from public review, we cannot 
guarantee that we will be able to do so.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information 
Officer, Commerce Department.
[FR Doc. 2021-11101 Filed 5-25-21; 8:45 am]
BILLING CODE 3510-06-P