BE-11: Annual Survey of U.S. Direct Investment Abroad, 6229 [2023-01939]

Agencies

• DEPARTMENT OF COMMERCE
• Bureau of Economic Analysis

[Federal Register Volume 88, Number 20 (Tuesday, January 31, 2023)]
[Notices]
[Page 6229]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01939]


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

DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 230120-0024]
RIN 0691-XC133


BE-11: Annual Survey of U.S. Direct Investment Abroad

AGENCY: Bureau of Economic Analysis, Commerce.

ACTION: Notice of reporting requirements.

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

SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA), 
Department of Commerce, is informing the public that it is conducting 
the mandatory survey titled Annual Survey of U.S. Direct Investment 
Abroad (BE-11). The data collected on the BE-11 survey are needed to 
measure the size and economic significance of U.S. direct investment 
abroad and its impact on the U.S. and foreign economies. This survey is 
authorized by the International Investment and Trade in Services Survey 
Act.

FOR FURTHER INFORMATION CONTACT: Kirsten Brew, Chief, Multinational 
Operations Branch (BE-49), via phone at (301) 278-9152 or via email at 
[email protected].

SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the 
reporting requirements for the BE-11 survey form. As noted below, all 
U.S. persons required to respond to this mandatory survey will be 
contacted by BEA. A completed report covering the U.S. person's fiscal 
year ending during the previous calendar year is due by May 31. This 
Notice is being issued in conformance with the rule BEA issued on April 
24, 2012 (77 FR 24373), establishing guidelines for collecting data on 
international trade in services and direct investment through notices, 
rather than through rulemaking. Additional information about BEA's 
collection of data on international trade in services and direct 
investment can be found in the 2012 rule, the International Investment 
and Trade in Services Survey Act (22 U.S.C. 3101 et seq.), and 15 CFR 
part 801. Survey data on international trade in services and direct 
investment that are not collected pursuant to the 2012 rule are 
described separately in 15 CFR part 801. The BE-11 survey forms and 
instructions are available at www.bea.gov/dia.

Reporting

    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 those required 
to complete this survey.
    Who Must Report: (a) 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 Form BE-11.
    (b) U.S. persons required to report will be contacted individually 
by BEA. U.S. persons not contacted by BEA have no reporting 
responsibilities.
    What To Report: The survey collects information on the operations 
of U.S. parent companies and their foreign affiliates.
    How To Report: Reports can be filed using BEA's electronic 
reporting system at www.bea.gov/efile. Copies of the survey forms and 
instructions, which contain complete information on reporting 
procedures and definitions, can be downloaded from www.bea.gov/dia and 
submitted through mail or fax. Form BE-11 inquiries can be made by 
phone to BEA at (301) 278-9418 or by sending an email to be10/[email protected].
    When To Report: A completed report covering a U.S. person's fiscal 
year ending during the previous calendar year is due by May 31.

Paperwork Reduction Act Notice

    This data collection has been approved by the Office of Management 
and Budget (OMB) in accordance with the Paperwork Reduction Act and 
assigned control number 0608-0053. An agency may not conduct or 
sponsor, and a person is not required to respond to, a collection of 
information unless it displays a valid control number assigned by OMB. 
A complete response includes one BE-11A form (with an estimated average 
reporting burden of 7 hours) for reporting domestic operations and one 
or more BE-11B (12 hours), BE-11C (2 hours), or BE-10D (1 hour) forms 
for reporting foreign operations. Public reporting burden for this 
collection of information is estimated to average a total of 90.5 hours 
per complete response. Additional information regarding this burden 
estimate may be viewed at www.reginfo.gov; under the Information 
Collection Review tab, click on ``Search'' and use the above OMB 
control number to search for the current survey instrument. Send 
comments regarding this burden estimate to Kirsten Brew, Chief, 
Multinational Operations Branch (BE-49), via email at 
[email protected]; and to the Office of Management and Budget, 
Paperwork Reduction Project 0608-0053, via email at 
[email protected].
    Authority: 22 U.S.C. 3101-3108.

Paul W. Farello,
Associate Director for International Economics, Bureau of Economic 
Analysis.
[FR Doc. 2023-01939 Filed 1-30-23; 8:45 am]
BILLING CODE 3510-06-P