Direct Transactions of U.S. Reporter With Foreign Affiliate

Forms and Documents

Document Name	Status
Form BE-577 Direct Transactions of U.S. Reporter With Foreign Affiliate Form and Instruction	Modified
0608.0004.SuppStmt.120908 doc.doc Supporting Statement A	2008-12-09
BE-577 Collection of Informatin_ 2009.doc Supporting Statement B	2008-10-27

IC Document Collections

IC ID	Document Title	Status
3688	Direct Transactions of U.S. Reporter With Foreign Affiliate Form and Instruction	Modified

ICR Details

OMB Control No: 0608-0004	ICR Reference No: 200810-0608-001
Status: Historical Active	Previous ICR Reference No: 200703-0608-001
Agency/Subagency: DOC/EASA	Agency Tracking No: BE-577 2009
Title: Direct Transactions of U.S. Reporter With Foreign Affiliate
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/09/2009
	Date Received in OIRA: 12/09/2008
Terms of Clearance: Prior to the commencement of the Direct Transactions of U.S. Reporter With Foreign Affiliate survey form mailings, the Bureau of Economic Analysis (BEA) shall provide on its Internet site prominent links to a complete set of finalized survey forms, including instructions. The final forms shall reflect any changes OMB number expiration date from those submitted for review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2012	36 Months From Approved	05/31/2009
Responses	62,000	0	54,000
Time Burden (Hours)	62,000	0	54,000
Cost Burden (Dollars)	0	0	0

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Abstract: This action is initiated to load the final version of the BE-577 form and instructions into the ROCIS database and receive final approval from OMB to conduct the survey. Secures data on transactions between U.S.-owned foreign business enterprises and their U.S. parents needed to compile U.S. international transactions, input-output, and national income and product accounts and the international investment position of the United States. The data are also needed to measure the size and economic significance of U.S. direct investment abroad, measure changes in such investment, and assess its impact on the U.S. and foreign economies.

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Authorizing Statute(s): PL: Pub.L. 94 - 472 3101-3108 Name of Law: International Investment and Trade in Services Survey Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 47130	08/13/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 74456	12/08/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Direct Transactions of U.S. Reporter With Foreign Affiliate	BE-577	Direct transactions of U.S. Reporter with Foreign Affiliate

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ICR Summary of Burden

	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	62,000	54,000	0	0	8,000	0
Annual Time Burden (Hours)	62,000	54,000	0	0	8,000	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The annual respondent burden (adjustment) has increased from 54,000 hours to 62,000 hours as a result of growth in the number of U.S. parent companies and foreign affiliates since the previous submission.

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Annual Cost to Federal Government: $1,350,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/09/2008

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