Benchmark Survey of Transactions in Selected Services and Intangible Assets With Foreign Persons

ICR 200612-0608-018

OMB: 0608-0058

Federal Form Document

ICR Details
0608-0058 200612-0608-018
Historical Active 200108-0608-003
DOC/EASA 200606-0608-120
Benchmark Survey of Transactions in Selected Services and Intangible Assets With Foreign Persons
Reinstatement with change of a previously approved collection   No
Regular
Approved without change 12/21/2006
Retrieve Notice of Action (NOA) 12/21/2006
  Inventory as of this Action Requested Previously Approved
11/30/2009 36 Months From Approved
5,000 0 0
60,000 0 0
0 0 0

This survey will obtain universe data on transactions in selected services and intangible assets with foreign persons. The data are needed, among other purposes, to support U.S. trade policy initiatives, including trade negotiations, and to compile the U.S. international transactions and the national income and product accounts.

US Code: 22 USC 3101-3108 Name of Law: International Investment and Trade in Services Survey Act
  
None

0691-AA60 Final or interim final rulemaking 71 FR 75417 12/15/2006

No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 5,000 0 0 -1,050 4,950 1,100
Annual Time Burden (Hours) 60,000 0 0 -12,600 59,400 13,200
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
Yes
Changing Forms
The survey, as proposed, is expected to result in the filing of reports by about 5,000 respondents. The total respondent burden of the survey is estimated at 60,000 hours (5,000 responses times 12 hours average burden). The burden for the BE-20 survey that the BE-120 replaces had 13,200 burden hours when last conducted in 2001. However, the 2001 BE-20 currently has no burden hours in the inventory maintained by OMB, since the form expired in 2004. In addition, the data to be collected on the proposed BE-120 will include data that had been collected on Form BE-47, Annual Survey of Construction, Engineering, Architectural, and Mining Services Provided by U.S. Firms to Unaffiliated Foreign Persons (700 burden hours) and Form BE-93, Annual Survey of Royalties, License Fees, and Other Receipts and Payments for Intangible Rights Between U.S. and Unaffiliated Foreign Persons (2,520 burden hours). Finally, some of the burden for the BE-120 will be offset by the reductions in burden that will occur when the data on services and royalties and license fee transactions between affiliated parties are dropped from the direct investment surveys on which they now are collected (Forms BE-577, BE-605 and BE-605 Bank). In August 2005, BEA submitted a Form 83-D to OMB to discontinue the 2001 BE-20 survey pending a request to reinstitute the survey for the year 2006. The 83-D was submitted in order to prevent BEA from being in violation of the PRA (i.e., having an expired survey with no Form 83-D on file). The Form 83-D was not entered into the ROCIS database. Therefore, the burden estimates shown above in the columns headed "Program Change Due to Agency Discretion" and "Change Due to Potential Violation of the PRA," are inaccurate, and should show 0. I cannot adjust the burden estimate numbers for these columns to accurately reflect that this proposed ICR has an increase in burden and not a decrease in burden.

$735,000
Yes Part B of Supporting Statement
No
Uncollected
Uncollected
Uncollected
Uncollected
Obie Whichard 202 606-9890 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
09/18/2006


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