Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons

Forms and Documents

Document Name	Status
Form BE-125 Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (State & Local Govs) Form and Instruction	Removed
Form BE-125 Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (Private Sector Mandatory) Form and Instruction	Modified
Form BE-125 Quarterlly Survey of Transactioponsn Selected Services and Intellectual Property with Foreign Persons (Private Sector - Voluntary) Form and Instruction	Removed
BE-125 support statement B final.doc Supporting Statement B	2015-10-26
BE-125 supporting statement A final.doc Supporting Statement A	2015-10-26

IC Document Collections

IC ID	Document Title	Status
45503	Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (State & Local Govs) Form and Instruction	Removed
43563	Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (Private Sector Mandatory) Form and Instruction	Modified
190970	Quarterlly Survey of Transactioponsn Selected Services and Intellectual Property with Foreign Persons (Private Sector - Voluntary) Form and Instruction	Removed

ICR Details

OMB Control No: 0608-0067	ICR Reference No: 201510-0608-002
Status: Historical Active	Previous ICR Reference No: 201207-0608-001
Agency/Subagency: DOC/EASA	Agency Tracking No: 200707-0608-125
Title: Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons
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: 12/22/2015
	Date Received in OIRA: 10/26/2015
Terms of Clearance: Prior to the commencement of the Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons survey distribution, the Bureau of Economic Analysis 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	12/31/2018	36 Months From Approved	12/31/2015
Responses	8,800	0	8,000
Time Burden (Hours)	124,400	0	98,000
Cost Burden (Dollars)	0	0	0

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Abstract: This survey will obtain quarterly sample data on transactions between U.S. and foreign persons in intangible assets and services transactions. 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.

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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:
	80 FR 46243	08/04/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 65197	10/26/2015
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
Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (State & Local Govs)	BE-125	Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons
Quarterlly Survey of Transactioponsn Selected Services and Intellectual Property with Foreign Persons (Private Sector - Voluntary)	BE-125	Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons
Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (Private Sector Mandatory)	BE-125	Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons

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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	8,800	8,000	0	800	0	0
Annual Time Burden (Hours)	124,400	98,000	0	26,400	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This request is for an extension with changes of a currently approved collection. The estimated change in the burden hours is an increase of 26,400 hours (from 98,000 to 124,400). The agency estimate of the average time to complete the survey with data has been increased from 16 to 18 hours. There has been an overall increase, from 1,500 to 1,700, in the estimated number of respondents meeting the (unchanged) mandatory requirements for filing on a quarterly basis. Approximately 100 of the additional quarterly respondents have been added, as a result of research conducted by BEA, to ensure adequate coverage of personal, cultural, and recreational services

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Annual Cost to Federal Government: $1,363,120

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 10/26/2015

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