[Federal Register Volume 82, Number 30 (Wednesday, February 15, 2017)]
[Notices]
[Page 10736]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03056]



[[Page 10736]]

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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 170112072-7095-01]
RIN 0691-XC065


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

SUPPLEMENTARY INFORMATION: The purpose of this Notice is to notify all 
U.S. persons who meet the reporting requirements set forth in this 
Notice that they must respond to, and comply with, the BE-577. 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 rulemaking. Additional information about 
BEA's collection of data on international trade in services and direct 
investment can be found in the 2012 rule, the International Investment 
and Trade in Services Survey Act (22 U.S.C. 3101 et seq.), and 15 CFR 
part 801. Survey data on international trade in services and direct 
investment that are not collected pursuant to the 2012 rule are 
described separately in 15 CFR part 801. The BE-577 survey forms and 
instructions are available on the BEA Web site at www.bea.gov/dia.

Reporting

    Notice of specific reporting requirements, including who is to 
report, the information to be reported, the manner of reporting, and 
the time and place of filing reports, will be mailed to those required 
to complete this survey.
    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 form and 
instructions, which contain complete information on reporting 
procedures and definitions, can be downloaded from the BEA Web site 
given above. Form BE-577 inquiries can be made by phone to (301) 278-
9261 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. Additional information regarding this 
burden estimate may be viewed at www.reginfo.gov; under the Information 
Collection Review tab, click on ``Search'' and use the above OMB 
control number to search for the current survey instrument. Send 
comments regarding this burden estimate to Director, Bureau of Economic 
Analysis (BE-1), U.S. Department of Commerce, 4600 Silver Hill Rd., 
Washington, DC 20233; and to the Office of Management and Budget, 
Paperwork Reduction Project 0608-0004, 725 17th Street NW., Washington, 
DC 20503.

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

Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2017-03056 Filed 2-14-17; 8:45 am]
 BILLING CODE 3510-06-P