View Information Collection Request (ICR) Package
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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:
0608-0042
ICR Reference No:
200708-0608-001
Status:
Historical Inactive
Previous ICR Reference No:
200211-0608-001
Agency/Subagency:
DOC/EASA
Agency Tracking No:
200711-0608-001
Title:
Benchmark Survey of Foreign Direct Investment in the United States - 2007
Type of Information Collection:
Reinstatement with change of a previously approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Preapproved
Conclusion Date:
11/26/2007
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/02/2007
Terms of Clearance:
The Bureau of Economic Analysis will request a no material/nonsubstantive change to a currently approved collection through ROCIS as soon as it modifies and finalizes the complete set of IC forms/documents for the Benchmark Survey of Foreign Direct Investment in the United States and before they are used to collect information from the public. The documents preapproved for this ICR are those with the latest date for each individual document type.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2010
36 Months From Approved
Responses
18,550
0
0
Time Burden (Hours)
209,650
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
The Benchmark Survey of Foreign Direct Investment in the United States obtains universe data on the financial and operating characteristics of U.S. affiliates of foreign companies, and on positions and transactions between U.S. affiliates and their foreign parent groups. These data are needed to measure the size and economic significance of foreign direct investment in the United States, to measure changes in such investment, and to assess its impact on the U.S. economy.
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:
0691-AA64
Proposed rulemaking
72 FR 53970
09/21/2007
Federal Register Notices & Comments
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
Benchmark Survey of Foreign Direct Investment in the United States - 2007
BE-12(LF), BE-12(SF), BE-12-Bank, BE-12 Mini, BE-12 Claim for Not Filing
BE-12 (SF)
,
BE-12(LF)
,
BE-12 Bank
,
BE-12 Mini
,
BE-12 Claim for Not Filing
ICR Summary of Burden
Total Request
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
18,550
0
0
18,550
0
0
Annual Time Burden (Hours)
209,650
0
0
209,650
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:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The increase in burden largely reflects growth in the number and average size of foreign owned U.S. firms.
Annual Cost to Federal Government:
$3,000,000
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:
David Galler 202-606-9835 David.Galler@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:
10/02/2007
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