[Federal Register Volume 87, Number 190 (Monday, October 3, 2022)]
[Notices]
[Pages 59774-59775]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21382]


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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-577, Quarterly Survey of U.S. 
Direct Investment Abroad--Transactions of U.S. Reporter With Foreign 
Affiliate

    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 06/14/2022 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: Quarterly Survey of U.S. Direct Investment Abroad.
    OMB Control Number: 0608-0004.
    Form Number: BE-577.
    Type of Request: Regular submission, reinstatement without change.
    Number of Respondents: 3,500 U.S. parents filing for 22,700 foreign 
affiliates per quarter, 90,800 annually.
    Average Hours per Response: 1 hour is the average but may vary 
considerably among respondents because of differences in company 
structure and complexity.
    Burden Hours: 90,800.
    Needs and Uses: The Quarterly Survey of U.S. Direct Investment 
Abroad (BE-577) is a sample survey that covers all foreign affiliates 
above a size-exemption level. The sample data are used to derive 
universe estimates in non-benchmark 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 are essential for the preparation 
of the U.S. international transactions accounts, the national income 
and product accounts, the input-output accounts, and the international 
investment position of the United States. The data are needed to 
measure the size and economic significance of direct investment abroad,

[[Page 59775]]

measure changes in such investment, and assess its impact on the U.S. 
and foreign economies.
    Affected Public: Businesses 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 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 0608-0004.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information 
Officer, Commerce Department.
[FR Doc. 2022-21382 Filed 9-30-22; 8:45 am]
BILLING CODE 3510-06-P