Quarterly Survey of Foreign Direct Investment in the United States--Transactions of U.S. Affiliate with Foreign Parent

Forms and Documents

Document Name	Status
Form BE-605 BE-605, Quarterly Survey of Foreign Direct Investment in the United States: Transactions of U.S. Affiliate with Foreign Parent Form and Instruction	Modified
0608.0009.SuppStmnt.PartA.090209.doc Supporting Statement A	2009-09-02
BE-605 Collection of Information Part B.pdf Supporting Statement B	2009-09-02

IC Document Collections

IC ID	Document Title	Status
3692	BE-605, Quarterly Survey of Foreign Direct Investment in the United States: Transactions of U.S. Affiliate with Foreign Parent Form and Instruction	Modified

ICR Details

OMB Control No: 0608-0009	ICR Reference No: 200912-0608-002
Status: Historical Active	Previous ICR Reference No: 200702-0608-005
Agency/Subagency: DOC/EASA	Agency Tracking No: 200712-0608-004
Title: Quarterly Survey of Foreign Direct Investment in the United States--Transactions of U.S. Affiliate with Foreign Parent
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/10/2009
	Date Received in OIRA: 12/10/2009
Terms of Clearance: Prior to the commencement of the Quarterly Survey of Foreign Direct Investment in the United States--Transactions of U.S. Affiliate with Foreign Parent 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
Expiration Date	10/31/2012	36 Months From Approved	02/28/2010
Responses	16,000	0	15,800
Time Burden (Hours)	16,000	0	15,800
Cost Burden (Dollars)	0	0	0

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Abstract: The BE-605 survey secures data on transactions between U.S. business enterprises and their affiliated foreign groups 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 foreign investment in the U.S., 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:
0691-AA70	Final or interim final rulemaking	74 FR 65017	12/09/2009

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Federal Register Notices & Comments

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
BE-605, Quarterly Survey of Foreign Direct Investment in the United States: Transactions of U.S. Affiliate with Foreign Parent	BE-605, BE-605	Quarterly Survey of Foreign Direct Investment in the United States ,   New data items for Form BE-605

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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	16,000	15,800	0	-2,800	3,000	0
Annual Time Burden (Hours)	16,000	15,800	0	-2,800	3,000	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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: It is estimated that a change of +200 hours will occur as a result of +3,000 hours attributable to an “adjustment” which is largely offset by -2,800 hours attributable to a “program change.” Absent the change in the reporting threshold, BEA would have expected 3,000 additional annual responses due to growth in the number of foreign-owned firms since the survey was last cleared. BEA proposes changing the reporting requirements of the survey to raise the reporting threshold, which is expected to result in a decrease of 2,800 responses. The net effect of the adjustment and the program change is an increase of 200 responses and burden hours.

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Annual Cost to Federal Government: $1,100,000

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)? No

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: 09/02/2009

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