BE-577, Quarterly Survey of U.S. Direct Investment Abroad--Transactions of U.S. Reporter With Foreign Affiliate Common Form

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form BE-577 QUARTERLY SURVEY OF U.S. DIRECT INVESTMENT ABROAD Transactions of U.S. Reporter with Foreign Affiliate	Form and Instruction	Unchanged	Available
Form BE-577 Quarterly Survey of U.S. Direct Investment Abroad: Direct Transactions of U.S. Reporter With Foreign Affiliate	Form and Instruction	Unchanged	Repair queued
Justification for NSC request 0608-0004.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2024-06-17	Available
BE-577 A-Justification_2022_9-26-2022.docx	Supporting Statement A	Uploaded 2022-09-28	Available
BE-577 B-Collection of Information_2022_6-3-2022.docx	Supporting Statement B	Uploaded 2022-06-09	Available
BE-577 Cover Letter.docx	Supplementary Document	Uploaded 2022-06-09	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
3688	Quarterly Survey of U.S. Direct Investment Abroad: Direct Transactions of U.S. Reporter With Foreign Affiliate	Form and Instruction	Unchanged	QUARTERLY SURVEY OF U.S. DIRECT INVESTMENT ABROAD Transactions of U.S. Reporter with Foreign Affiliate
3688	Quarterly Survey of U.S. Direct Investment Abroad: Direct Transactions of U.S. Reporter With Foreign Affiliate	Form and Instruction	Unchanged

ICR Details

OMB Control No: 0608-0004	ICR Reference No: 202406-0608-001
Status: Historical Active	Previous ICR Reference No: 202206-0608-001
Agency/Subagency: DOC/EASA	Agency Tracking No: 2022 BE-577
Title: BE-577, Quarterly Survey of U.S. Direct Investment Abroad--Transactions of U.S. Reporter With Foreign Affiliate Common Form
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  Yes
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/06/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/17/2024
Terms of Clearance: No Terms of Clearance on August 2024 cycle.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2025	11/30/2025	11/30/2025
Responses	90,800	0	90,800
Time Burden (Hours)	90,800	0	90,800
Cost Burden (Dollars)	0	0	0

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Abstract: The Quarterly Survey of U.S. Direct Investment Abroad—Transactions of U.S. Reporter with Foreign Affiliate (Form BE-577) obtains quarterly data on transactions and positions between U.S.-owned foreign business enterprises and their U.S. parents. The data are essential for the preparation of the U.S. international transactions accounts, the national income and product accounts, the input-output accounts, and the international investment position of the United States. The data are needed to measure the size and economic significance of direct investment abroad, measure changes in such investment, and assess its impact on the U.S. and foreign economies. The survey is authorized by the International Investment and Trade in Services Survey Act.

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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:
	87 FR 35966	06/14/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 59774	10/03/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Quarterly Survey of U.S. Direct Investment Abroad: Direct Transactions of U.S. Reporter With Foreign Affiliate	BE-577	QUARTERLY SURVEY OF U.S. DIRECT INVESTMENT ABROAD Transactions of U.S. Reporter with Foreign Affiliate

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ICR Summary of Burden

table that charts list of burden

	Total Approved	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	90,800	90,800	0	0	0	0
Annual Time Burden (Hours)	90,800	90,800	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated annual respondent burden for this collection is 90,800 hours; the estimated respondent burden for the previous collection was 83,200 hours. The increase in the estimated respondent burden is due to the growth in the number of reporting U.S. parents and foreign affiliates since the survey was last cleared.

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

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

table that charts list of RCF

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: 06/17/2024

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