[Federal Register Volume 88, Number 20 (Tuesday, January 31, 2023)]
[Notices]
[Pages 6229-6230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01941]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 230120-0023]
RIN 0691-XC140


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

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 U.S. Direct Investment 
Abroad--Transactions of U.S. Reporter with Foreign Affiliate (BE-577). 
The data collected on the BE-577 survey are needed to measure the size 
and economic significance of U.S. direct investment abroad and its 
impact on the U.S. and foreign economies. This survey is authorized by 
the International Investment and Trade in Services Survey Act.

[[Page 6230]]


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

SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the 
reporting requirements for the BE-577 survey form. As noted below, all 
U.S. persons required to respond to this mandatory survey will be 
contacted by BEA. Persons 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 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-577 
survey forms and instructions are available at www.bea.gov/dia.

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 
that has a direct and/or indirect ownership interest of at least 10 
percent of the voting stock in an incorporated foreign business 
enterprise, or an equivalent interest in an unincorporated foreign 
business enterprise, and that meets the additional conditions detailed 
in Form BE-577.
    (b) Persons required to report will be contacted individually by 
BEA. Persons 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/dia and 
submitted through mail or fax. Form BE-577 inquiries can be made by 
phone to BEA at (301) 278-9261 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 0608-0004. 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 0608-0004, 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. 2023-01941 Filed 1-30-23; 8:45 am]
BILLING CODE 3510-06-P