Benchmark Survey of U.S. Direct Investment Abroad--2024

Forms and Documents

Document Name	Status
2024 BE-10 Proposed Changes.pdf Supplementary Document	2024-06-21
2024 BE-10 Supporting Statement Part A_7-22-24.docx Supporting Statement A	2024-07-22
2024 BE-10 Supporting Statement B_6-21-24.docx Supporting Statement B	2024-06-21

IC Document Collections

IC ID	Document Title	Status
3718	Benchmark Survey of U.S. Direct Investment Abroad--2024 Instruction	Modified

ICR Details

OMB Control No: 0608-0049	ICR Reference No: 202404-0608-002
Status: Received in OIRA	Previous ICR Reference No: 202004-0608-002
Agency/Subagency: DOC/EASA	Agency Tracking No: 2024 BE-10
Title: Benchmark Survey of U.S. Direct Investment Abroad--2024
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/23/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	29,000	0
Time Burden (Hours)	842,700	0
Cost Burden (Dollars)	0	0

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Abstract: The Benchmark Survey of U.S. Direct Investment Abroad (BE-10), which is conducted once every five years, covers the U.S. direct investment abroad universe and is BEA’s most comprehensive survey of such investment. U.S. direct investment abroad is defined as the ownership or control, directly or indirectly, by one U.S. person of 10 percent or more of the voting securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business enterprise, including a branch. The purpose of the benchmark survey is to obtain universe data on the financial and operating characteristics of, and on positions and transactions between, U.S. parent companies and their foreign affiliates. The data are needed to measure the size and economic significance of U.S. direct investment abroad, measure changes in such investment, and assess its impact on the U.S. and foreign economies. Such data are generally found in enterprise-level accounting records of respondent companies. These data are used to derive current universe estimates of direct investment from sample data collected in other BEA surveys in non-benchmark years. In particular, they serve as benchmarks for the quarterly direct investment estimates included in the U.S. international transactions, international investment position, and national income and product accounts, and for annual estimates of the U.S. direct investment abroad position and of the activities of U.S. multinational enterprises.

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Authorizing Statute(s): US Code: 22 USC USC 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:
	89 FR 35776	05/02/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 59042	07/22/2024
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 U.S. Direct Investment Abroad--2024	BE-10 Claim, BE-10D, BE-10C, BE-10B, BE-10A	BE-10 Claim For Not Filing ,   BE-10D Form ,   BE-10C Form ,   BE-10B Form ,   BE-10A Form

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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	29,000	0	0	29,000	0	0
Annual Time Burden (Hours)	842,700	0	0	842,700	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: Currently, there are no burden hours for the BE-10 survey in the inventory maintained by OMB. Therefore the estimated burden of 842,700 hours is shown entirely as a program change. The estimated respondent burden for the previous (2019) survey was 684,900. The increase in the estimated respondent burden is entirely due to an increase in the respondent universe of U.S. and foreign entities that are required to file the BE-10 benchmark survey.

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Annual Cost to Federal Government: $5,700,000

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:  No

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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: 07/23/2024

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