[Federal Register Volume 79, Number 40 (Friday, February 28, 2014)]
[Notices]
[Pages 11398-11399]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-04442]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 140123067-4067-01]


BE-577: Quarterly Survey of U.S. Direct Investment Abroad-- 
Transactions of U.S. Reporter With Foreign Affiliate

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 BE-577, Quarterly Survey of U.S. Direct 
Investment Abroad--Transactions of U.S. Reporter with Foreign 
Affiliate. This survey is authorized by the International Investment 
and Trade in Services Survey Act.

SUPPLEMENTARY INFORMATION: This Notice constitutes legal notification 
to all United States persons (defined below) who meet the reporting 
requirements set forth in this Notice that they must respond to, and 
comply with, the survey. Reports are due 30 days after the close of 
each calendar or fiscal quarter; 45 days if the report is for the final 
quarter of the financial reporting year. 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. 
Additional information about BEA's collection of data on international 
trade in services and direct investment can be found in the 2012 rule 
and the International Investment and Trade in Services Survey Act (22 
U.S.C. 3101 et seq.). The BE-577 survey forms and instructions are 
available on the BEA Web site at www.bea.gov/dia.

Definitions

    (a) 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.
    (b) Foreign, when used in a geographic sense, means that which is 
situated outside the United States or which belongs to or is 
characteristic of a country other than the United States.
    (c) Person means any individual, branch, partnership, associated 
group, association, estate, trust, corporation, or other organization 
(whether or not

[[Page 11399]]

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).
    (d) Business enterprise means any organization, association, 
branch, or venture that exists for profit making purposes or to 
otherwise secure economic advantage, and any ownership of any real 
estate.

Who Must Report

    (a) Reports are required from each U.S. person that has a direct 
and/or indirect ownership interest of at least 10 percent of the voting 
stock in an incorporated foreign business enterprise or an equivalent 
interest in an unincorporated foreign business enterprise and that 
meets the additional conditions detailed in Form BE-577.
    (b) Entities required to report will be contacted individually by 
BEA. Entities not contacted by BEA have no reporting responsibilities.
    What To Report: The survey collects information on transactions 
between parent companies and their affiliates and on direct investment 
positions (stocks).
    How To Report: Reports can be filed using BEA's electronic 
reporting system at www.bea.gov/efile. Copies of the survey forms and 
instructions, which contain complete information on reporting 
procedures and definitions, may be obtained at the BEA Web site given 
above. Form BE-577 inquiries can be made by phone to (202) 606-5557 or 
by sending an email to [email protected].
    When To Report: Reports are due to BEA 30 days after the close of 
each calendar or fiscal quarter; 45 days if the report is for the final 
quarter of the financial reporting year.
    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 0608-0004. 
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. Public reporting burden for this 
collection of information is estimated to average 1 hour 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 0608-0004, Washington, DC 20503.

    Authority:  22 U.S.C. 3101-3108.

J. Steven Landefeld,
Director, Bureau of Economic Analysis.
[FR Doc. 2014-04442 Filed 2-27-14; 8:45 am]
BILLING CODE 3510-06-P