BE-125 Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons

ICR 202108-0608-001

OMB: 0608-0067

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2021-09-01
Supporting Statement A
2021-09-01
Supplementary Document
2021-08-31
Supporting Statement B
2021-08-31
ICR Details
0608-0067 202108-0608-001
Received in OIRA 202004-0608-011
DOC/EASA BE-125
BE-125 Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons
Revision of a currently approved collection   No
Regular 09/01/2021
  Requested Previously Approved
36 Months From Approved 12/31/2021
8,800 8,800
144,800 144,800
0 0

This survey will obtain quarterly sample data on transactions between U.S. and foreign persons in Selected Services and Intellectual Property 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.

PL: Pub.L. 94 - 472 3101-3108 Name of Law: International Investment and Trade in Services Survey Act
  
None

Not associated with rulemaking

  86 FR 23923 05/05/2021
86 FR 46674 08/19/2021
No

  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 8,800 8,800 0 0 0 0
Annual Time Burden (Hours) 144,800 144,800 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This request is for an extension with changes of a currently approved collection. The estimated change in the burden hours is an increase of 20,400 hours (from 124,400 to 144,800). The agency estimate of the average time to complete the survey with data, and provide additional detail for intellectual property transactions, has been increased from 19 to 21 hours. There has been no change in the estimated number of respondents meeting the (unchanged) mandatory requirements for filing on a quarterly basis.

$892,500
Yes Part B of Supporting Statement
    No
    No
No
No
No
No
Christopher Stein 202 606-9850

  No

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.
09/01/2021


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