[Federal Register Volume 86, Number 158 (Thursday, August 19, 2021)]
[Notices]
[Pages 46674-46675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-17800]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis


Agency Information Collection Activities; Submission to the 
Office of Management and Budget (OMB) for Review and Approval; Comment 
Request; Services Surveys: BE-125, Quarterly Survey of Transactions in 
Selected Services and Intellectual Property With Foreign Persons

    The Department of Commerce will submit the following information 
collection request to the Office of Management and Budget (OMB) for 
review and clearance, in accordance with the Paperwork Reduction Act of 
1995 (PRA), on or after the date of publication of this notice. We 
invite the general public and other Federal agencies to comment on 
proposed and continuing information collections, which helps us assess 
the impact of our information collection requirements and minimize the 
public's reporting burden. Public comments were previously

[[Page 46675]]

requested via the Federal Register on May 5, 2021, during a 60-day 
comment period. This notice allows for an additional 30 days for public 
comments.
    Agency: Bureau of Economic Analysis.
    Title: Quarterly Survey of Transactions in Selected Services and 
Intellectual Property with Foreign Persons.
    OMB Control Number: 0608-0067.
    Form Number(s): BE-125.
    Type of Request: Regular submission, extension of a current 
information collection.
    Number of Respondents: 8,800 annually (2,200 filed each quarter; 
1,700 reporting mandatory data, and 500 that would file exemption 
claims or voluntary responses).
    Average Hours per Response: 21 hours is the average for those 
reporting data and one hour is the average for those filing an 
exemption claim. Hours may vary considerably among respondents because 
of differences in company size and complexity.
    Burden Hours: 144,800 hours annually.
    Needs and Uses: The data are needed to monitor U.S. trade in 
services, to analyze the impact of these cross-border services on the 
U.S. and foreign economies, to compile and improve the U.S. economic 
accounts, to support U.S. commercial policy on trade in services, to 
conduct trade promotion, and to improve the ability of U.S. businesses 
to identify and evaluate market opportunities. The data are used in 
estimating the trade in services component of the U.S. international 
transactions accounts (ITAs) and national income and product accounts 
(NIPAs).
    Affected Public: Business or other for-profit organizations.
    Frequency: Quarterly.
    Respondent's Obligation: Mandatory.
    Legal Authority: International Investment and Trade in Services 
Survey Act (Pub. L. 94-472, 22 U.S.C. 3101-3108, as amended).
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view the Department of 
Commerce collections currently under review by OMB.
    Written comments and recommendations for the proposed information 
collection should be submitted within 30 days of the publication of 
this notice on the following website www.reginfo.gov/public/do/PRAMain. 
Find this particular information collection by selecting ``Currently 
under 30-day Review--Open for Public Comments'' or by using the search 
function and entering either the title of the collection or the OMB 
Control Number 0608-0067.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information 
Officer, Commerce Department.
[FR Doc. 2021-17800 Filed 8-18-21; 8:45 am]
BILLING CODE 3510-06-P