[Federal Register Volume 89, Number 14 (Monday, January 22, 2024)]
[Notices]
[Page 3907]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01055]



[[Page 3907]]

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

    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 November 8, 2023 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 Foreign Direct Investment in the United 
States.
    OMB Control Number: 0608-0009.
    Form Number: BE-605.
    Type of Request: Regular submission, reinstatement without change.
    Number of Respondents: 6,500 per quarter, 26,000 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: 26,000.
    Needs and Uses: The Quarterly Survey of Foreign Direct Investment 
in the United States (BE-605) obtains quarterly data on transactions 
and positions between foreign-owned U.S. business enterprises and their 
``affiliated foreign groups'' (i.e., their foreign parents and foreign 
affiliates of their foreign parents). The survey is a sample survey 
that covers all U.S. affiliates, except for certain private funds, 
above a size-exemption level. The sample data are used to derive 
universe estimates of direct investment transactions, positions, and 
income in non-benchmark years from similar data reported in the BE-12, 
Benchmark Survey of Foreign Direct Investment in the United States, 
which is conducted every five years. The data collected through the BE-
605 survey are essential for the preparation of the U.S. international 
transactions accounts, the national income and product accounts, the 
input-output accounts, and the net international investment position of 
the United States. The data are needed to measure the size and economic 
significance of foreign direct investment in the United States, measure 
changes in such investment, and assess its impact on the U.S. economy.
    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 0608-0009.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary for 
Economic Affairs, Commerce Department.
[FR Doc. 2024-01055 Filed 1-19-24; 8:45 am]
BILLING CODE 3510-06-P