[Federal Register Volume 86, Number 165 (Monday, August 30, 2021)]
[Notices]
[Page 48390]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-18628]


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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; Direct Investment Surveys: BE-11, Annual Survey of U.S. Direct 
Investment Abroad

    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, 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 requested via the 
Federal Register on 06/16/2021 during a 60-day comment period. This 
notice allows for an additional 30 days for public comments.
    Agency: Bureau of Economic Analysis (BEA), Commerce.
    Title: Annual Survey of U.S. Direct Investment Abroad.
    OMB Control Number: 0608-0053.
    Form Number: BE-11.
    Type of Request: Regular submission, reinstatement without change
    Number of Respondents: 3,500 respondents (U.S. parents). A complete 
response includes a BE-11 A form for the U.S. parent's domestic 
operation and one or more BE-11 B, C, or D forms for its foreign 
affiliates that meet the BE-11 survey requirements. BEA estimates that 
U.S. parents will submit 3,500 A forms, 24,000 B forms, 1,900 C forms, 
100 D forms, and 500 Claim for Exemption forms.
    Average Hours per Response: 90.5 hours per respondent (316,900 
hours/3,500 U.S. parents) is the average but may vary considerably 
among respondents because of differences in company structure, 
complexity, and the number of foreign affiliates each U.S. parent must 
report.
    Burden Hours: 316,900 hours. Total annual burden is calculated by 
multiplying the estimated number of submissions of each form by the 
average hourly burden per form, which is 7 hours for the A form, 12 
hours for the B form, 2 hours for the C form, 1 hour for the D form, 
and 1 hour for the Claim for Exemption form.
    Needs and Uses: The Annual Survey of U.S. Direct Investment Abroad 
(BE-11) obtains sample data on the financial structure and operations 
of U.S. parents and their foreign affiliates. The data are needed to 
provide reliable, useful, and timely measures of U.S. direct investment 
abroad to assess its impact on the U.S. and foreign economies. The 
sample data are used to derive universe estimates in nonbenchmark years 
from similar data reported in the BE-10, Benchmark Survey of U.S. 
Direct Investment Abroad, which is conducted every five years. The data 
collected include 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.
    Affected Public: Businesses or other for-profit organizations.
    Frequency: Annual.
    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 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 0608-0053.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information 
Officer, Commerce Department.
[FR Doc. 2021-18628 Filed 8-27-21; 8:45 am]
BILLING CODE 3510-06-P