[Federal Register Volume 87, Number 19 (Friday, January 28, 2022)]
[Notices]
[Page 4557]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01665]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 220119-0026]
RIN 0691-XC128


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). The data collected on the BE-125 survey are needed to measure 
U.S. trade in services and to analyze the impact of U.S. trade on the 
U.S. and foreign economies. This survey is authorized by the 
International Investment and Trade in Services Survey Act.

FOR FURTHER INFORMATION CONTACT: Christopher Stein, Chief, Services 
Surveys Branch, Balance of Payments Division, via phone at (301) 278-
9189 or via email at [email protected].

SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the 
reporting requirements for the BE-125 survey form. As noted below, all 
entities required to respond to this mandatory survey will be contacted 
by BEA. Entities must submit the completed survey forms within 30 days 
after the end of each fiscal quarter, except for the final quarter of 
the entity's fiscal year when reports must be filed within 45 days. 
This Notice is being issued in conformance with the rule BEA issued on 
April 24, 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-125 survey form and 
instructions are available at www.bea.gov/ssb.

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 who 
had combined reportable sales of services or intellectual property to 
foreign persons that exceeded $6 million during the previous fiscal 
year, or are expected to exceed that amount during the current fiscal 
year; or had combined reportable purchases of services or intellectual 
property from foreign persons that exceeded $4 million during 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. See BE-125 survey form for more 
details.
    (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 U.S. 
international trade in selected services and intellectual property.
    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, can be downloaded from www.bea.gov/ssb and 
submitted through mail or fax. Form BE-125 inquiries can be made by 
phone to BEA at (301) 278-9303 or by sending an email to [email protected].
    When To Report: Reports are due to BEA 30 days after the end of 
each fiscal quarter, except for the final quarter of the entity's 
fiscal year when reports must be filed within 45 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. 
Public reporting burden for this collection of information is estimated 
to average 21 hours 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 Christopher Stein, Chief, 
Services Surveys Branch, Balance of Payments Division, via email at 
[email protected]; and to the Office of Management and Budget, 
Paperwork Reduction Project 0608-0067, via email at 
[email protected].
    Authority: 22 U.S.C. 3101-3108.

Paul W. Farello,
Associate Director for International Economics, Bureau of Economic 
Analysis.
[FR Doc. 2022-01665 Filed 1-27-22; 8:45 am]
BILLING CODE 3510-06-P