Prior to the commencement of the Benchmark Survey of U.S. Direct Investment Abroad--2009 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 and cover letters.
Inventory as of this Action
Requested
Previously Approved
11/30/2012
36 Months From Approved
3,800
0
0
459,400
0
0
0
0
0
The data collected on the BE-10 survey provide a variety of measures of the overall operations of U.S. parent companies and their foreign affiliates. The data are 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. The data will provide benchmarks for deriving current universe estimates of direct investment from sample data collected in other BEA surveys in nonbenchmark years. In particular, they will serve as benchmarks for the quarterly direct investment estimates included in the U.S. international transactions and national income and product accounts, and for annual estimates of the U.S. direct investment position abroad and of the operations of U.S. parent companies and their foreign affiliates.
US Code:
22 USC USC 3101-3108
Name of Law: International Investment and Trade in Services Survey Act
The estimate for the 2009 BE-10 benchmark survey of 459,400 burden hours is somewhat more than the respondent burden for the previous (2004) benchmark survey. For the 2004 survey, the estimated burden was 428,750 hours. The increase in burden hours is associated with an increase in the respondent universe, partly offset by changes in survey form design and reporting criteria and information to be collected.
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.