Bureau of Economic Analysis August 2012 – Federal Register Recent Federal Regulation Documents

The Bureau of Economic Analysis (BEA) issues this document to clarify for the public a rule BEA published in April 2012 that set out new procedures BEA will follow to collect data on international trade in services and direct investment surveys. The surveys are provided for by the International Investment and Trade in Services Survey Act (the Act) and the Omnibus Trade and Competitiveness Act of 1988. Specifically, BEA clarifies that the previously issued rule does not have retroactive effect, and that those entities required to complete surveys that BEA is currently conducting based on rules creating those surveysthe 2011 BE-11, 2011 BE-15, 2012 BE-12, 2012 BE-29, 2012 BE- 120, and all 2012 quarterly surveysmust still complete those surveys.