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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:
0608-0004
ICR Reference No:
201605-0608-002
Status:
Historical Active
Previous ICR Reference No:
201307-0608-001
Agency/Subagency:
DOC/EASA
Agency Tracking No:
2016 BE-577
Title:
Quarterly Survey of U.S. Direct Investment Abroad--Transactions of U.S. Reporter With Foreign Affiliate, and Changes to Private Fund Reporting on Direct Investment Surveys
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:
11/10/2016
Retrieve Notice of Action (NOA)
Date Received in OIRA:
09/27/2016
Terms of Clearance:
Prior to the commencement of the Quarterly Survey of U.S. Direct Investment Abroad: Direct Transactions of U.S. Reporter With Foreign Affiliate survey form mailings, the Bureau of Economic Analysis (BEA) shall provide on its Internet site prominent links to a complete set of finalized survey forms, including instructions and cover letters. The final forms and letters shall reflect any changes in the survey year, OMB number expiration date, and BEA leadership from those submitted for review.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2019
36 Months From Approved
11/30/2016
Responses
66,880
0
60,000
Time Burden (Hours)
66,880
0
60,000
Cost Burden (Dollars)
0
0
0
Abstract:
The BE-577 survey obtains quarterly sample data on transactions and positions between U.S.-owned foreign business enterprises and their U.S. parents. The data are needed to measure the size and economic significance of U.S. direct investment abroad, measure changes in such investment, and assess its impact on the U.S. and foreign economies. BEA proposes to change the reporting requirements for certain private funds that file BEA’s surveys of U.S. direct investment abroad: the BE-577, Quarterly Survey of U.S. Direct Investment Abroad; and the BE-11, Annual Survey of U.S. Direct Investment Abroad. The BE-10, Benchmark Survey of U.S. Direct Investment Abroad, will also be affected by this change but will be addressed in a proposed rule in 2019.
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:
81 FR 33658
05/27/2016
30-day Notice:
Federal Register Citation:
Citation Date:
81 FR 51182
08/03/2016
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Quarterly Survey of U.S. Direct Investment Abroad: Direct Transactions of U.S. Reporter With Foreign Affiliate
BE-577
Quarterly Survey of U.S. Direct Investment Abroad - Transactions of U.S. Reporter with Foreign Affiliate
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
66,880
60,000
0
6,880
0
0
Annual Time Burden (Hours)
66,880
60,000
0
6,880
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:
No
Burden Reduction Due to:
Short Statement:
The increase in the respondent burden of 6,880 hours is the result of growth in the number of reporting U.S. parents and foreign affiliates since the survey was last cleared.
Annual Cost to Federal Government:
$1,700,000
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]?
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:
Barbara Hubbard 202 606-9846 Barbara.Hubbard@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:
09/27/2016
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