[Federal Register Volume 89, Number 140 (Monday, July 22, 2024)]
[Notices]
[Pages 59042-59043]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16007]


=======================================================================
-----------------------------------------------------------------------

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-10, Benchmark Survey of U.S. 
Direct Investment Abroad

    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 05/02/2024 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: Benchmark Survey of U.S. Direct Investment Abroad.
    OMB Control Number: 0608-0049.
    Form Number: BE-10.
    Type of Request: Revision.
    Number of Respondents: 29,000 respondents (U.S. parents). A 
complete response includes a BE-10 A form for the U.S. parent's 
domestic operation and one or more BE-11 B, C, or D forms for its 
foreign affiliates that meet the BE-10 survey requirements. BEA 
estimates that U.S. parents will submit 29,000 A forms, 20,100 B forms, 
15,500 C forms, 29,000 D forms, and 1,700 Claim for Exemption forms.
    Average Hours per Response: 29 hours per respondent (842,700 hours/
29,000 U.S. parents) is the average but may vary considerably among 
respondents because of differences in company structure, complexity, 
and the number of foreign affiliates each U.S. parent must report.
    Burden Hours: 842,700 hours. Total annual burden is calculated by 
multiplying the estimated number of submissions of each form by the 
average hourly burden per form, which is 11 hours for the A form, 18.5 
hours for the B form, 6 hours for the C form, 2 hours for the D form, 
and 0.5 hours for the Claim for Not Filing form.
    Needs and Uses: The Benchmark Survey of U.S. Direct Investment 
Abroad (BE- 10) obtains data on the financial structure and operations 
of U.S. parents and their foreign affiliates. The data are needed to 
provide reliable, useful, and timely measures of U.S. direct investment 
abroad, measure changes in such investment, and assess its impact on 
the U.S. and foreign economies. Such data are generally found in 
enterprise-level accounting records of respondent companies. The 
benchmark data provide a baseline for subsequent sample-based estimates 
in non-benchmark years. In particular, they serve as benchmarks for the 
quarterly direct investment estimates included in the U.S. 
international transactions, international investment position, and 
national income and product accounts, and for annual estimates of the 
U.S. direct investment abroad position and of the activities of U.S. 
multinational enterprises. The data collected include balance sheets; 
income statements; property, plant, and equipment; employment and 
employee compensation; merchandise trade; sales of goods and services; 
taxes; and research and development activity.
    Affected Public: Businesses or other for-profit organizations.
    Frequency: Every five years and covers years ending in 4 and 9.
    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

[[Page 59043]]

entering either the title of the collection or the OMB Control Number 
0608-0049.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary for 
Economic Affairs, Commerce Department.
[FR Doc. 2024-16007 Filed 7-19-24; 8:45 am]
BILLING CODE 3510-06-P