BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons

ICR 201808-0608-002

OMB: 0608-0058

Federal Form Document

ICR Details
0608-0058 201808-0608-002
Active 201112-0608-002
DOC/EASA 200606-0608-120
BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons
Reinstatement with change of a previously approved collection   No
Approved without change 08/16/2018
Retrieve Notice of Action (NOA) 08/16/2018
  Inventory as of this Action Requested Previously Approved
08/31/2021 36 Months From Approved
15,500 0 0
145,000 0 0
0 0 0

The BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property is necessary to obtain complete and accurate universe data used by the Bureau of Economic Analysis (BEA) to produce the International Transactions Accounts (ITAs) of the United States. These accounts provide a comprehensive and detailed view of economic transactions between the United States and other countries. In addition, they provide input into other U.S. economic measures and accounts, contributing particularly to the National Income and Product Accounts (NIPAs) and Input-Output accounts. The ITAs are used extensively by both government and private organizations for national and international economic policy support and for analytical purposes.

US Code: 22 USC 3101-3108 Name of Law: International Investment and Trade in Services Survey Act

0691-AA87 Final or interim final rulemaking 83 FR 4834 02/02/2018

  82 FR 52863 11/15/2017
83 FR 4834 02/02/2018

  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 15,500 0 0 15,500 0 0
Annual Time Burden (Hours) 145,000 0 0 145,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Miscellaneous Actions
The increase in burden hours results from an increase in the respondent universe as well as an increase from changes made from the 2011 survey to the 2017 survey. BEA proposes to add and modify some data collected on the benchmark survey form and to adjust the survey reporting requirements. Most of the additions are proposed to more closely align collected services categories with international guidelines and in response to requests from data users, providing users with additional information about U.S. services transactions with foreign persons.

Yes Part B of Supporting Statement
Christopher Stein 202 606-9850


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.

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