Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Services Surveys: BE-140, Benchmark Survey of Insurance Transactions by U.S. Insurance Companies With Foreign Persons (Extended Public Comment Period)

• Citation: 88 FR 74149
• Published date: 30 October 2023
• Record Number: 2023-23848
• Court: Economic Analysis Bureau
• Section: Notices

Federal Register, Volume 88 Issue 208 (Monday, October 30, 2023)

[Federal Register Volume 88, Number 208 (Monday, October 30, 2023)]
                [Notices]
                [Pages 74149-74150]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2023-23848]
                -----------------------------------------------------------------------
                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; Services Surveys: BE-140, Benchmark Survey of Insurance
                Transactions by U.S. Insurance Companies With Foreign Persons (Extended
                Public Comment Period)
                 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 (PRA) on or after the date of publication of this notice. We
                invite the general public and other Federal
                [[Page 74150]]
                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 October
                12, 2023, during a 30-day comment period. This notice allows for an
                additional 12 days for public comments.
                 Agency: Bureau of Economic Analysis, Department of Commerce.
                 OMB Control Number: 0608-0073.
                 Form Number(s): BE-140.
                 Type of Request: Regular submission.
                 Estimated Number of Respondents: 1,300 annually (1,000 reporting
                mandatory data and 300 that would file exemption claims or voluntary
                responses).
                 Estimated Time per Response: 9 hours is the average for the 600
                respondents filing data by country and affiliation, 2 hours for the 400
                respondents filing data by transaction type only, and 1 hour for those
                filing an exemption claim or other response. Hours may vary
                considerably among respondents because of differences in company size
                and complexity.
                 Estimated Total Annual Burden Hours: 6,500.
                 Needs and Uses: The data are needed to monitor U.S. trade in
                insurance services, to analyze the impact of these cross-border
                services on the U.S. and foreign economies, to compile and improve the
                U.S. economic accounts, to support U.S. commercial policy on trade in
                services, to conduct trade promotion, and to improve the ability of
                U.S. businesses to identify and evaluate market opportunities. The data
                are used in estimating the trade in insurance services component of the
                U.S. international transactions accounts (ITAs) and national income and
                product accounts (NIPAs).
                 Affected Public: Business or other for-profit organizations.
                 Frequency: Every fifth year, for reporting years ending in ``3''
                and ``8''.
                 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 the 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 0608-0073.
                Sheleen Dumas,
                Department PRA Clearance Officer, Office of the Under Secretary for
                Economic Affairs, Commerce Department.
                [FR Doc. 2023-23848 Filed 10-27-23; 8:45 am]
                BILLING CODE 3510-06-P