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    <abstract>The Bureau of Economic Analysis (BEA) revises its rules to establish general guidelines for how BEA will collect data on international trade in services and direct investment surveys, which are provided for by the International Investment and Trade in Services Survey Act (the Act). In addition to the Act, the Omnibus Trade and Competitiveness Act of 1988 authorizes BEA to conduct international trade in services surveys. Currently, international trade in services and direct investment surveys are promulgated through separate rulemaking actions. This final rule modifies BEA's regulations to allow BEA to issue surveys through notices rather than through notice and comment rulemaking. It also provides a more general framework for how BEA collects data on these surveys that are required, or provided for, by the statutes. This rule will simplify and generalize existing regulations governing the procurement of information on international trade in services and direct investment.</abstract>
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        <topic>Cross-Border Transactions</topic>
        <topic>Credit Card</topic>
        <topic>Debit Card</topic>
        <topic>Economic Statistics</topic>
        <topic>Foreign Investment in the United States</topic>
        <topic>Foreign Trade</topic>
        <topic>International Transactions</topic>
        <topic>Penalties</topic>
        <topic>Reporting and Recordkeeping Requirements</topic>
        <topic>Travel Expenses</topic>
        <topic>United States Investment Abroad</topic>
        <topic>Foreign Investments in United States</topic>
        <topic>United States Investments Abroad</topic>
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        <summary>The Bureau of Economic Analysis (BEA) revises its rules to establish general guidelines for how BEA will collect data on international trade in services and direct investment surveys, which are provided for by the International Investment and Trade in Services Survey Act (the Act). In addition to the Act, the Omnibus Trade and Competitiveness Act of 1988 authorizes BEA to conduct international trade in services surveys. Currently, international trade in services and direct investment surveys are promulgated through separate rulemaking actions. This final rule modifies BEA's regulations to allow BEA to issue surveys through notices rather than through notice and comment rulemaking. It also provides a more general framework for how BEA collects data on these surveys that are required, or provided for, by the statutes. This rule will simplify and generalize existing regulations governing the procurement of information on international trade in services and direct investment.</summary>
        <dates>The final rule is effective on May 24, 2012.</dates>
        <contact>David H. Galler, Chief, Direct Investment Division (BE-50), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; email David.Galler@bea.gov or phone (202) 606-9835.</contact>
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            <subject>Cross-Border Transactions</subject>
                                    
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            <subject>Debit Card</subject>
                                    
            <subject>Economic Statistics</subject>
                                    
            <subject>Foreign Investment in the United States</subject>
                                    
            <subject>Foreign Trade</subject>
                                    
            <subject>International Transactions</subject>
                                    
            <subject>Penalties</subject>
                                    
            <subject>Reporting and Recordkeeping Requirements</subject>
                                    
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