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
BE-605 Collection of Information Part B.docx Supporting Statement B	2020-12-14
BE-605 Collection of Information Part A.docx Supporting Statement A	2020-12-14
BE-605 Followup letter.pdf Supplementary Document	2020-12-14
BE-605 Initial letter.pdf Supplementary Document	2020-12-14

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: 202011-0608-001
Status: Received in OIRA	Previous ICR Reference No: 202004-0608-001
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:  Yes
Type of Review Request: Regular	Date Submitted to OIRA: 01/14/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	02/28/2021
Responses	17,800	17,200
Time Burden (Hours)	17,800	17,200
Cost Burden (Dollars)	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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 67508	10/23/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 1478	01/08/2021
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	Quarterly Survey of Foreign Direct Investment in the United States

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ICR Summary of Burden

	Total Request	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	17,800	17,200	0	600	0	0
Annual Time Burden (Hours)	17,800	17,200	0	600	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: No

Burden Reduction Due to:

Short Statement: The annual respondent burden has increased from 17,200 hours to 17,800 hours. The increase in the respondent burden of 600 hours is the result of growth in the number of reporting foreign-owned U.S. business enterprises (U.S. affiliates).

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Annual Cost to Federal Government: $2,100,000

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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Common Form ICR:  Yes

Description/Changes for Common Form Usage: 

Approved RCFs using this ICR

Agency/Sub Agency	RCF ID	RCF Title	RCF Status	IC Title

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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: 01/14/2021

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