[Federal Register Volume 79, Number 32 (Tuesday, February 18, 2014)]
[Notices]
[Pages 9159-9160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-03361]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 140113033-4033-01]


BE-125: Quarterly Survey of Transactions in Selected Services and 
Intellectual Property With Foreign Persons

AGENCY: Bureau of Economic Analysis, Commerce.

ACTION: Notice of reporting requirements.

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SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA), 
Department of Commerce, is informing the public that it is conducting 
the mandatory survey titled Quarterly Survey of Transactions in 
Selected Services and Intellectual Property with Foreign Persons (BE-
125). This mandatory survey is conducted under the authority of the 
International Investment and Trade in Services Survey Act.

SUPPLEMENTARY INFORMATION: This Notice constitutes legal notification 
to all United States persons (defined

[[Page 9160]]

below) who meet the reporting requirements set forth in this Notice 
that they must respond to, and comply with, the survey. Reports are due 
45 days after the end of the U.S. person's fiscal quarter, except for 
the final quarter of the U.S. person's fiscal year when reports must be 
filed within 90 days. This notice is being issued in conformance with 
the rule BEA issued in 2012 (77 FR 24373) establishing guidelines for 
collecting data on international trade in services and direct 
investment through notices, rather than through rulemakings. The BE-125 
survey forms and instructions are available on the BEA Web site at 
www.bea.gov/surveys/iussurv.htm.

Definitions

    (a) Person means any individual, branch, partnership, associated 
group, association, estate, trust, corporation, or other organization 
(whether or not organized under the laws of any State), and any 
government (including a foreign government, the United States 
Government, a State or local government, and any agency, corporation, 
financial institution, or other entity or instrumentality thereof, 
including a government-sponsored agency).
    (b) United States person means any person resident in the United 
States or subject to the jurisdiction of the United States. United 
States, when used in a geographic sense, means the 50 States, the 
District of Columbia, the Commonwealth of Puerto Rico, and all 
territories and possessions of the United States.
    (c) Foreign person means any person resident outside the United 
States or subject to the jurisdiction of a country other than the 
United States.
    Who Must Report: Reports are required from each U.S. person who: 
(a) Had sales of covered services or intellectual property to foreign 
persons that exceeded $6 million for the previous fiscal year or are 
expected to exceed that amount during the current fiscal year, or (b) 
had purchases of covered services or intellectual property from foreign 
persons that exceeded $4 million for the previous fiscal year or are 
expected to exceed that amount during the current fiscal year. Because 
the thresholds are applied separately to sales and purchases, the 
reporting requirements may apply only to sales, only to purchases, or 
to both sales and purchases. Entities required to report will be 
contacted individually by the Bureau of Economic Analysis (BEA). 
Entities not contacted by BEA have no reporting responsibilities.
    What To Report: The survey is intended to collect information on 
U.S. international trade in selected services and intellectual property 
for which information is not collected on other BEA surveys and is not 
available to BEA from other sources. The survey is intended to collect 
information on transactions in the covered services and intellectual 
property occurring in the last quarter of calendar year 2013 and in 
first three quarters of the calendar year 2014.
    How To Report: Reports can be filed via BEA's electronic reporting 
system at www.bea.gov/efile. Additionally, copies of the survey forms 
and instructions, which contain complete information on reporting 
procedures and definitions, can be obtained from the BEA Web site at 
www.bea.gov/surveys/iussurv.htm. Inquiries can be made to BEA at (202) 
606-5588.
    When To Report: Reports are due to BEA 45 days after the end of the 
fiscal quarter, except for the final quarter of the reporter's fiscal 
year when reports must be filed within 90 days.
    Paperwork Reduction Act Notice: This data collection has been 
approved by the Office of Management and Budget (OMB) in accordance 
with the Paperwork Reduction Act and assigned control number 0608-0067. 
An agency may not conduct or sponsor, and a person is not required to 
respond to, a collection of information unless it displays a valid 
control number assigned by OMB. The estimated average annual public 
reporting burden for this collection of information is 16 hours per 
response. Send comments regarding this burden estimate to Director, 
Bureau of Economic Analysis (BE-1), U.S. Department of Commerce, 
Washington, DC 20230; and to the Office of Management and Budget, 
Paperwork Reduction Project 0608-0067, Washington DC 20503.

    Authority:  22 U.S.C. 3101-3108, as amended.

J. Steven Landefeld,
Director, Bureau of Economic Analysis.
[FR Doc. 2014-03361 Filed 2-14-14; 8:45 am]
BILLING CODE 3510-06-P