Benchmark Survey of Foreign Direct Investment in the United States - 2022

Forms and Documents

Document Name	Status
Form BE-12A Benchmark Survey of Foreign Direct Investment in the United States - 2017 Form and Instruction	Modified
2022 BE-12 Supporting Statement Part A.docx Supporting Statement A	2022-07-01
Notification Letter Sample_BE-12.pdf Supplementary Document	2022-06-28
2022 BE-12 Proposed Changes.pdf Supplementary Document	2022-06-16
2022 BE-12 Supporting Statement Part B_final.pdf Supporting Statement B	2022-06-16

IC Document Collections

IC ID	Document Title	Status
3716	Benchmark Survey of Foreign Direct Investment in the United States - 2017 Form and Instruction	Modified

ICR Details

OMB Control No: 0608-0042	ICR Reference No: 202206-0608-003
Status: Received in OIRA	Previous ICR Reference No: 201712-0608-005
Agency/Subagency: DOC/EASA	Agency Tracking No: 2022 BE-12
Title: Benchmark Survey of Foreign Direct Investment in the United States - 2022
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  Yes
Type of Review Request: Regular	Date Submitted to OIRA: 07/01/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	26,400	0
Time Burden (Hours)	276,441	0
Cost Burden (Dollars)	0	0

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Abstract: The Benchmark Survey of Foreign Direct Investment in the United States obtains universe data on the financial and operating characteristics of U.S. affiliates of foreign companies, and on positions and transactions between U.S. affiliates and their foreign parent groups. These data are needed to measure the size and economic significance of foreign direct investment in the United States, to measure changes in such investment, and to assess its impact on the U.S. economy.

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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:
0691-AA93	Proposed rulemaking	87 FR 39411	07/01/2022

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Federal Register Notices & Comments

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
Benchmark Survey of Foreign Direct Investment in the United States - 2017	BE-12A, BE-12B, BE-12C, BE-12 Claim	BE-12A Benchmark Survey of Foreign Direct Investment in the United States ,   BE-12B Benchmark Survey of Foreign Direct Investment in the United States ,   BE-12C Benchmark Survey of Foreign Direct Investment in the United States ,   BE-12 Claim for Not Filing

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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	26,400	0	0	26,400	0	0
Annual Time Burden (Hours)	276,441	0	0	276,441	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: BEA proposes to add, delete, and modify some items on the benchmark survey forms. Most of the additions are proposed in response to suggestions from data users to provide more information about foreign direct investment in the United States. These changes had a marginal impact on the estimated respondent burden. The increase in the estimated respondent burden is primarily due to an increase in the number of foreign-owned companies.

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Annual Cost to Federal Government: $3,700,000

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: 07/01/2022

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