Bureau of Economic Analysis, Commerce.
Notice of reporting requirements.
By this Notice, the Bureau of Economic Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory survey titled Annual Survey of U.S. Direct Investment Abroad (BE-11). The data collected through the BE-11 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.
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FOR FURTHER INFORMATION CONTACT:
Ricardo Limés, Chief, Multinational Operations Branch (BE-49), Bureau of Economic Analysis, U.S. Department of Commerce, 4600 Silver Hill Road, Washington, DC 20233; phone (301) 278-9659; or via email at Ricardo.Limes@bea.gov.
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BEA publishes the reporting requirements for the BE-11 survey form. As noted below, all entities required to respond to this mandatory survey will be contacted by BEA. A completed report covering the entity's fiscal year ending during the previous calendar year is due by May 31. 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 Start Printed Page 14414pursuant to the 2012 rule are described separately in 15 CFR part 801. The BE-11 survey forms and instructions are available at www.bea.gov/dia.
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-11.
(b) Entities required to report will be contacted individually by BEA. Entities not contacted by BEA have no reporting responsibilities.
What To Report: The survey collects information on the operations of U.S. parent companies and their foreign affiliates.
How To Report: Reports can be filed using BEA's electronic reporting system at www.bea.gov/efile. Copies of the survey forms 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-11 inquiries can be made by phone to (301) 278-9418 or by sending an email to email@example.com.
When To Report: A completed report covering an entity's fiscal year ending during the previous calendar year is due by May 31.
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 0608-0053. 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. A complete response includes one BE-11A form (with an estimated average reporting burden of 7 hours) for reporting domestic operations and one or more BE-11B (12 hours), BE-11C (2 hours), or BE-10D (1 hour) forms for reporting foreign operations. Public reporting burden for this collection of information is estimated to average a total of 138 hours per complete 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 Director, Bureau of Economic Analysis (BE-1), U.S. Department of Commerce, 4600 Silver Hill Rd., Washington, DC 20233; and to the Office of Management and Budget, Paperwork Reduction Project 0608-0053, 725 17th Street NW, Washington, DC 20503, or via email at OIRA_Submission@omb.eop.gov.
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Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2018-06907 Filed 4-3-18; 8:45 am]
BILLING CODE 3510-06-P