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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
0608-0058
ICR Reference No:
200612-0608-018
Status:
Historical Active
Previous ICR Reference No:
200108-0608-003
Agency/Subagency:
DOC/EASA
Agency Tracking No:
200606-0608-120
Title:
Benchmark Survey of Transactions in Selected Services and Intangible Assets With Foreign Persons
Type of Information Collection:
Reinstatement with change of a previously approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
12/21/2006
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/21/2006
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2009
36 Months From Approved
Responses
5,000
0
0
Time Burden (Hours)
60,000
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
This survey will obtain universe data on transactions in selected services and intangible assets with foreign persons. The data are needed, among other purposes, to support U.S. trade policy initiatives, including trade negotiations, and to compile the U.S. international transactions and the national income and product accounts.
Authorizing Statute(s):
US Code:
22 USC 3101-3108
Name of Law: International Investment and Trade in Services Survey Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
0691-AA60
Final or interim final rulemaking
71 FR 75417
12/15/2006
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Benchmark Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons
BE-120
Benchmark Survey of Transactions in Selected Services and Intangible Assets With Foreign Persons
Benchmark Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons
BE-120
Benchmark Survey of Transactions in Selected Services and Intangible Assets With Foreign Persons
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
5,000
0
0
-1,050
4,950
1,100
Annual Time Burden (Hours)
60,000
0
0
-12,600
59,400
13,200
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Changing Forms
Short Statement:
The survey, as proposed, is expected to result in the filing of reports by about 5,000 respondents. The total respondent burden of the survey is estimated at 60,000 hours (5,000 responses times 12 hours average burden). The burden for the BE-20 survey that the BE-120 replaces had 13,200 burden hours when last conducted in 2001. However, the 2001 BE-20 currently has no burden hours in the inventory maintained by OMB, since the form expired in 2004. In addition, the data to be collected on the proposed BE-120 will include data that had been collected on Form BE-47, Annual Survey of Construction, Engineering, Architectural, and Mining Services Provided by U.S. Firms to Unaffiliated Foreign Persons (700 burden hours) and Form BE-93, Annual Survey of Royalties, License Fees, and Other Receipts and Payments for Intangible Rights Between U.S. and Unaffiliated Foreign Persons (2,520 burden hours). Finally, some of the burden for the BE-120 will be offset by the reductions in burden that will occur when the data on services and royalties and license fee transactions between affiliated parties are dropped from the direct investment surveys on which they now are collected (Forms BE-577, BE-605 and BE-605 Bank). In August 2005, BEA submitted a Form 83-D to OMB to discontinue the 2001 BE-20 survey pending a request to reinstitute the survey for the year 2006. The 83-D was submitted in order to prevent BEA from being in violation of the PRA (i.e., having an expired survey with no Form 83-D on file). The Form 83-D was not entered into the ROCIS database. Therefore, the burden estimates shown above in the columns headed "Program Change Due to Agency Discretion" and "Change Due to Potential Violation of the PRA," are inaccurate, and should show 0. I cannot adjust the burden estimate numbers for these columns to accurately reflect that this proposed ICR has an increase in burden and not a decrease in burden.
Annual Cost to Federal Government:
$735,000
Does this IC contain surveys, censuses, or employ statistical methods?
Yes
Part B of Supporting Statement
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Obie Whichard 202 606-9890 obie.whichard@bea.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
09/18/2006
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