[Federal Register Volume 77, Number 245 (Thursday, December 20, 2012)]
[Notices]
[Page 75406]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-30583]


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 Notices
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  Federal Register / Vol. 77, No. 245 / Thursday, December 20, 2012 / 
Notices  

[[Page 75406]]



DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce will submit to the Office of Management 
and Budget (OMB) for clearance the following proposal for collection of 
information under the provisions of the Paperwork Reduction Act (44 
U.S.C. Chapter 35).
    Agency: Bureau of Economic Analysis (BEA).
    Title: Annual Survey of Foreign Direct Investment in the United 
States.
    OMB Control Number: 0608-0034.
    Form Number(s): BE-15.
    Type of Request: Regular submission.
    Number of Respondents: 4,000 annually.
    Average Hours per Response: 19.5 hours is the average, but may vary 
considerably among respondents because of differences in company size 
and complexity.
    Estimated Total Annual Burden Hours: 77,825.
    Needs and Uses: The Annual Survey of Foreign Direct Investment in 
the United States (Form BE-15) obtains sample data on the financial 
structure and operations of U.S. affiliates of foreign investors. The 
data are needed to provide reliable, useful, and timely measures of 
foreign direct investment in the United States, assess its impact on 
the U.S. economy, and based upon this assessment, make informed policy 
decisions regarding foreign direct investment in the United States. The 
data are used to derive annual estimates of the operations of U.S. 
affiliates of foreign investors, including their balance sheets; income 
statements; property, plant, and equipment; employment and employee 
compensation; merchandise trade; sales of goods and services; taxes; 
and research and development activity. In addition, data covering 
employment are collected by state. The data are also used to update 
similar data for the universe of U.S. affiliates collected once every 
five years on the BE-12 benchmark survey.
    The survey incorporates changes that were made to the 2012 BE-12, 
Benchmark Survey of Foreign Direct Investment in the United States. The 
exemption level for reporting on the survey is unchanged from the 
previous (2011) survey.
    The BE-15 annual survey is sent to potential respondents in March 
of each year. A completed report covering a reporting company's fiscal 
year ending during the previous calendar year is due by May 31 (or by 
June 30 for reporting companies that use BEA's eFile system). Reports 
must be filed by every U.S. business enterprise that is owned 10 
percent or more by a foreign investor and that has total assets, sales 
or gross operating revenues, or net income (or loss) of over $40 
million.
    As an alternative to filing paper forms, BEA offers its electronic 
filing option, the eFile system, for use in reporting on Form BE-15. 
For more information about eFile, go to www.bea.gov/efile.
    Potential respondents are those U.S. business enterprises that 
reported in the 2012 benchmark survey, along with businesses that 
subsequently entered the direct investment universe. The BE-15 is a 
sample survey, as described; universe estimates are developed from the 
reported sample data.
    Affected Public: Business or other for-profit organizations.
    Frequency: Annual.
    Respondent's Obligation: Mandatory.
    OMB Desk Officer: Paul Bugg, (202) 395-3093.
    Copies of the above information collection proposal can be obtained 
by calling or writing Jennifer Jessup, Departmental Paperwork Clearance 
Officer, Department of Commerce, Room 6616, 14th and Constitution 
Avenue NW., Washington, DC 20230, or via email at [email protected].
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to Paul Bugg, OMB Desk Officer, FAX number (202) 395-7245, or via email 
at [email protected].

    Dated: December 14, 2012.
Glenna Mickelson,
Management Analyst, Office of Chief Information Officer.
[FR Doc. 2012-30583 Filed 12-19-12; 8:45 am]
BILLING CODE 3510-06-P