Proposed Information Collection; Comment Request; Direct Investment Surveys: BE-13, Survey of New Foreign Direct Investment in the United States

 
CONTENT
Federal Register, Volume 84 Issue 112 (Tuesday, June 11, 2019)
[Federal Register Volume 84, Number 112 (Tuesday, June 11, 2019)]
[Notices]
[Page 27080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12271]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
Proposed Information Collection; Comment Request; Direct
Investment Surveys: BE-13, Survey of New Foreign Direct Investment in
the United States
AGENCY: Bureau of Economic Analysis, Department of Commerce.
ACTION: Notice.
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SUMMARY: 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.
DATES: Written comments must be submitted on or before August 12, 2019.
ADDRESSES: Direct all written comments to Jennifer Jessup, Departmental
Paperwork Clearance Officer, Department of Commerce, Room 6616, 14th
and Constitution Avenue NW, Washington, DC 20230, or via email at
[email protected].
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection instrument and instructions should
be directed to Jessica Hanson, Chief, Direct Transactions and Positions
Branch (BE-49Q), Bureau of Economic Analysis, U.S. Department of
Commerce, 4600 Silver Hill Rd., Washington, DC 20233; or via email at
[email protected].
SUPPLEMENTARY INFORMATION:
I. Abstract
    The Survey of New Foreign Direct Investment in the United States
(BE-13) collects information on the acquisition and establishment of
U.S. business enterprises by foreign investors and on expansions by
existing U.S. affiliates of foreign companies. Foreign direct
investment is defined as the ownership or control by one foreign person
(foreign parent) of 10 percent or more of the voting securities of an
incorporated U.S. business enterprise, or an equivalent interest of an
unincorporated U.S. business enterprise, including a branch. The data
collected through the survey are used to measure the amount of new
foreign direct investment in the United States, assess the impact on
the U.S. economy, and ensure complete coverage of BEA's other foreign
direct investment statistics.
    The Bureau of Economic Analysis (BEA) does not propose any changes
to the survey.
II. Method of Collection
    Notifications will be mailed to respondents as BEA becomes aware of
a potentially reportable investment or when annual cost updates are
needed. A business enterprise that meets the reporting requirements of
the survey is required to report whether or not it is contacted by BEA.
A business enterprise that is contacted by BEA and does not meet the
reporting requirements is required to respond to indicate that it does
not meet the requirements. The survey is due 45 days after (1) an
acquisition is completed, (2) a new U.S. business enterprise is
established, (3) an expansion is begun, (4) a cost update is requested
by BEA, or (5) a U.S. business enterprise that does not meet the filing
requirements for the survey receives a notification letter from BEA.
    BEA offers electronic filing through its eFile system for use in
reporting on the BE-13 survey forms. In addition, BEA posts all its
survey forms and reporting instructions on its website (www.bea.gov/fdi). These may be downloaded, completed, printed, and submitted via
fax or mail.
III. Data
    OMB Control Number: 0608-0035.
    Form Number: BE-13.
    Type of Review: Regular submission.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 2,400 annually, of which
approximately 600 file A forms, 180 file B forms, 80 file D forms, 340
file E forms, and 1,200 file Claim for Exemption forms.
    Estimated Total Annual Burden Hours: 2,547 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 2.5 hours
for the A form, 2.2 hours for the B form, 1.2 hours for the D form,
0.75 hours for the E form, and 0.25 hours for the Claim for Exemption
form.
    Estimated Time per Respondent: 1.1 hours per respondent (2,547
hours/2,400 respondents) is the average but may vary among respondents
because of differences in company size and complexity.
    Estimated Total Annual Cost to Public: $0.
    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).
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 will have 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.
Sheleen Dumas,
Departmental Lead PRA Officer, Office of the Chief Information Officer,
Commerce Department.
[FR Doc. 2019-12271 Filed 6-10-19; 8:45 am]
BILLING CODE 3510-06-P