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

ICR 202206-0608-002

OMB: 0608-0058

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-06-14
Supporting Statement B
2022-06-14
ICR Details
0608-0058 202206-0608-002
Received in OIRA 201808-0608-002
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
Regular 06/16/2022
  Requested Previously Approved
36 Months From Approved
15,000 0
148,000 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
  
None

0691-AA91 Proposed rulemaking 87 FR 36091 06/15/2022

No

1
IC Title Form No. Form Name
2022 BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons

  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 15,000 0 0 15,000 0 0
Annual Time Burden (Hours) 148,000 0 0 148,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The proposed rule is for the reinstatement of a previously approved information collection which is conducted on a periodic basis, once every five years, for years ending in 2 and 7. The proposed changes to the BE-120 survey include changes in data items collected and the design of the survey form. BEA proposes to add three items to the survey. The changes are proposed in response to suggestions from data users and to allow BEA to more closely align its statistics with international guidelines and publish more information on U.S. trade in services.

$1,000,000
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.
06/16/2022


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