[Federal Register Volume 80, Number 45 (Monday, March 9, 2015)]
[Notices]
[Pages 12448-12449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-05327]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 150127080-5080-01]
RIN 0691-XC030
BE-605: Quarterly Survey of Foreign Direct Investment in the
United States-Transactions of U.S. Affiliate With Foreign Parent
AGENCY: Bureau of Economic Analysis, Commerce.
ACTION: Notice of reporting requirements.
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SUMMARY: By this notice, the Bureau of Economic Analysis (BEA),
Department of Commerce, is informing the public that it is conducting
the mandatory survey titled Quarterly Survey of Foreign Direct
Investment in the United States--Transactions of U.S. Affiliate with
Foreign Parent (BE-605). This survey is authorized by the International
Investment and Trade in Services Survey Act.
SUPPLEMENTARY INFORMATION: This notice constitutes legal notification
to all United States persons (defined below) who meet the reporting
requirements set forth in this Notice that they must respond to, and
comply with, the survey. Reports are due 30 days after the close of
each calendar or fiscal quarter; 45 days if the report is for the final
quarter of the financial reporting year. This notice is being issued in
conformance with the rule BEA issued in 2012 (77 FR 24373) establishing
guidelines for collecting data on international trade in services and
direct investment through notices, rather than through rulemaking.
Additional information about BEA's collection of data on international
trade in services and direct investment can be found in the 2012 rule,
the International Investment and Trade in Services Survey Act (22
U.S.C. 3101 et. seq.), and 15 CFR part 801. Survey data on
international trade in services and direct investment that are not
collected pursuant to the 2012 rule are described separately in 15 CFR
part 801. The BE-605 survey forms and instructions are available on the
BEA Web site at www.bea.gov/fdi.
Definitions
(a) United States, when used in a geographic sense, means the 50
States, the District of Columbia, the Commonwealth of Puerto Rico, and
all territories and possessions of the United States.
(b) Foreign, when used in a geographic sense, means that which is
[[Page 12449]]
situated outside the United States or which belongs to or is
characteristic of a country other than the United States.
(c) Person means any individual, branch, partnership, associated
group, association, estate, trust, corporation, or other organization
(whether or not organized under the laws of any State), and any
government (including a foreign government, the United States
Government, a State or local government, and any agency, corporation,
financial institution, or other entity or instrumentality thereof,
including a government-sponsored agency).
(d) Business enterprise means any organization, association,
branch, or venture that exists for profit making purposes or to
otherwise secure economic advantage, and any ownership of any real
estate.
Reporting
Who Must Report: (a) Reports are required from each U.S. business
enterprise in which a foreign person has a direct and/or indirect
ownership interest of at least 10 percent of the voting stock if an
incorporated business enterprise, or an equivalent interest if an
unincorporated business enterprise, and that meets the additional
conditions detailed in Form BE-605.
(b) Entities required to report will be contacted individually by
BEA. Entities not contacted by BEA have no reporting responsibilities.
What To Report: The survey collects information on transactions
between parent companies and their affiliates and on direct investment
positions (stocks).
How To Report: Reports can be filed using BEA's electronic
reporting system at www.bea.gov/efile. Copies of the survey forms and
instructions, which contain complete information on reporting
procedures and definitions, may be obtained at the BEA Web site given
above. Form BE-605 inquiries can be made by phone to (202) 606-5577 or
by sending an email to [email protected].
When To Report: Reports are due to BEA 30 days after the close of
each calendar or fiscal quarter; 45 days if the report is for the final
quarter of the financial reporting year.
Paperwork Reduction Act Notice
This data collection has been approved by the Office of Management
and Budget (OMB) in accordance with the Paperwork Reduction Act and
assigned control number 0608-0009. An agency may not conduct or
sponsor, and a person is not required to respond to, a collection of
information unless it displays a valid control number assigned by OMB.
Public reporting burden for this collection of information is estimated
to average 1 hour per response. Send comments regarding this burden
estimate to Director, Bureau of Economic Analysis (BE-1), U.S.
Department of Commerce, Washington, DC 20230; and to the Office of
Management and Budget, Paperwork Reduction Project 0608-0009,
Washington, DC 20503.
Authority: 22 U.S.C. 3101-3108.
Dated: February 2, 2015.
Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2015-05327 Filed 3-6-15; 8:45 am]
BILLING CODE 3510-06-P