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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:
0608-0067
ICR Reference No:
201510-0608-002
Status:
Historical Active
Previous ICR Reference No:
201207-0608-001
Agency/Subagency:
DOC/EASA
Agency Tracking No:
200707-0608-125
Title:
Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
12/22/2015
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/26/2015
Terms of Clearance:
Prior to the commencement of the Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons survey distribution, the Bureau of Economic Analysis shall provide on its Internet site prominent links to a complete set of finalized survey forms, including instructions and cover letters.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2018
36 Months From Approved
12/31/2015
Responses
8,800
0
8,000
Time Burden (Hours)
124,400
0
98,000
Cost Burden (Dollars)
0
0
0
Abstract:
This survey will obtain quarterly sample data on transactions between U.S. and foreign persons in intangible assets and services transactions. 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):
PL:
Pub.L. 94 - 472 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:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
80 FR 46243
08/04/2015
30-day Notice:
Federal Register Citation:
Citation Date:
80 FR 65197
10/26/2015
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Quarterlly Survey of Transactioponsn Selected Services and Intellectual Property with Foreign Persons (Private Sector - Voluntary)
BE-125
Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons
Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (Private Sector Mandatory)
BE-125
Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons
Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (State & Local Govs)
BE-125
Quarterly Survey of Transactions in Selected Services and Intellectual Property 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
8,800
8,000
0
800
0
0
Annual Time Burden (Hours)
124,400
98,000
0
26,400
0
0
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:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
This request is for an extension with changes of a currently approved collection. The estimated change in the burden hours is an increase of 26,400 hours (from 98,000 to 124,400). The agency estimate of the average time to complete the survey with data has been increased from 16 to 18 hours. There has been an overall increase, from 1,500 to 1,700, in the estimated number of respondents meeting the (unchanged) mandatory requirements for filing on a quarterly basis. Approximately 100 of the additional quarterly respondents have been added, as a result of research conducted by BEA, to ensure adequate coverage of personal, cultural, and recreational services
Annual Cost to Federal Government:
$1,363,120
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]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Christopher Stein 202 606-9850
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:
10/26/2015
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