Proposed collection; comment request.
The Department of Commerce, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
Written comments must be submitted on or before May 23, 2003.
Direct written comments to Diana Hynek, Departmental Paperwork Clearance Officer, Office of the Chief Information Officer, Department of Commerce, Room 6625, 14th and Constitution Avenue, NW., Washington, DC 20230, or via the Internet at dHynek@doc.gov, ((202) 482-0266).Start Further Info
FOR FURTHER INFORMATION CONTACT:
Direct requests for additional information or copies of the information collection instruments and instructions to Obie G. Whichard, Department of Commerce, Bureau of Economic Analysis, BE-50(OC), Washington, DC 20230, or via the Internet at firstname.lastname@example.org, ((202) 606-9890).End Further Info End Preamble Start Supplemental Information
The BE-11, Annual Survey of U.S. Direct Investment Abroad, provides a variety of measures of the overall operations of nonbank U.S. parent companies and their nonbank foreign affiliates, including total assets, sales, net income, employment and employee compensation, research and development expenditures, and exports and imports of goods. The survey is a cut-off sample survey that covers all foreign affiliates (and their U.S. parent companies) above a size-exemption level. The sample data are used to derive universe estimates in nonbenchmark years by extrapolating forward similar data reported in the BE-10, Benchmark Survey of U.S. Direct Investment Abroad, which is taken every five years. The data are needed to measure the size and economic significance of direct investment abroad, measure changes in such investment, and assess its impact on the U.S. and foreign economies.
The data from the survey are primarily intended as general purpose statistics. They should be readily available to answer any number of research and policy questions related to U.S. direct investment abroad. Policy areas of particular and lasting interest are trade in both goods and services, employment and employee compensation, taxes, and technology.
The form remains the same as in the past. No changes in language, data collected, or exemption levels are proposed.
II. Method of Collection
The survey will be sent each year to potential respondents in March and responses are due by May 31. A report must be filed by, or on behalf of, each nonbank U.S. business enterprise (U.S. Reporter) that owned 10 percent or more of the voting stock (or the equivalent) of a nonbank foreign business enterprise owned at least 20 percent by all U.S. Reporters of the foreign business enterprise combined, whether held directly or indirectly, for which any one of the following three items was greater than $30 million (positive or negative) at the end of, or for, the foreign business enterprise's fiscal year: (1) Total assets, (2) sales or gross operating revenues excluding sales taxes, or (3) net income after provision for foreign income taxes.
Potential respondents are the nonbank U.S. parent companies of nonbank foreign business enterprises that reported in the last benchmark survey of U.S. direct investment abroad, which covered the year 1999, along with the nonbank U.S. parent companies of those nonbank foreign business enterprises that subsequently entered the direct investment universe. The data collected are cut-off sample data. Universe estimates are developed from the reported sample data.
OMB Number: 0608-0053.
Form Number: BE-11.
Type of Review: Regular submission. Start Printed Page 14190
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 1,600.
Estimated Time Per Response: 74 hours is the average, but may vary according to the number, size, and complexity of the businesses covered by the response.
Estimated Total Annual Burden: 118,400 hours.
Estimated Total Annual Cost: $3,552,000 (based on an estimated reporting burden of 118,400 hours and an estimated hourly cost of $30).
IV. Request for Comments
Comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the agency's estimate of the burden (including hours and cost) of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology.
Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval of this information collection; they also will become a matter of public record.Start Signature
Dated: March 18, 2003.
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 03-6882 Filed 3-21-03; 8:45 am]
BILLING CODE 3510-06-P