[Federal Register Volume 87, Number 19 (Friday, January 28, 2022)]
[Notices]
[Pages 4558-4559]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01676]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 220119-0029]
RIN 0691-XC131


BE-605: Quarterly Survey of Foreign Direct Investment in the 
United States--Transactions of U.S. Affiliate With Foreign Parent

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 Foreign Direct 
Investment in the United States--Transactions of U.S. Affiliate with 
Foreign Parent (BE-605). The data collected on the BE-605 survey are 
needed to measure the size and economic significance of foreign direct 
investment in the United States and its impact on the U.S. economy. 
This survey is authorized by the International Investment and Trade in 
Services Survey Act.

FOR FURTHER INFORMATION CONTACT: Ricardo Limes, Chief, Direct 
Transactions and Positions Branch (BE-49), via phone (301) 278-9659 or 
via email at [email protected].

SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the 
reporting requirements for the BE-605 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 calendar or fiscal quarter, or within 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 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

[[Page 4559]]

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-605 survey forms and 
instructions are available at www.bea.gov/fdi.

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. business 
enterprise in which a foreign person has a direct and/or indirect 
ownership interest of at least 10 percent of the voting stock in an 
incorporated business enterprise, or an equivalent interest in an 
unincorporated business enterprise, and that meets the additional 
conditions detailed in Form BE-605.
    (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 www.bea.gov/fdi and 
submitted through mail or fax. Form BE-605 inquiries can be made by 
phone to BEA at (301) 278-9422 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, or 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 0608-0009. 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 Ricardo Limes, Chief, Direct 
Transactions and Positions Branch (BE-49), via email at 
[email protected]; and to the Office of Management and Budget, 
Paperwork Reduction Project 0608-0009, 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. 2022-01676 Filed 1-27-22; 8:45 am]
BILLING CODE 3510-06-P