[Federal Register Volume 81, Number 64 (Monday, April 4, 2016)]
[Notices]
[Pages 19129-19130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07471]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 160304202-6202-01]
XRIN: 0691-XC050
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 U.S. persons (defined below) who meet the reporting requirements
set forth in this Notice that they must respond to, and comply with,
the BE-605. 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 19130]]
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 U.S. 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
Notice of specific reporting requirements, including who is to
report, the information to be reported, the manner of reporting, and
the time and place of filing reports, will be mailed to those required
to complete this survey.
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 in an
incorporated business enterprise, or an equivalent interest in 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 form and
instructions, which contain complete information on reporting
procedures and definitions, can be downloaded from 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. Additional information regarding this
burden estimate may be viewed at www.reginfo.gov; under the Information
Collection Review tab, click on ``Search'' and use the above OMB
control number to search for the current survey instrument. 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.
Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2016-07471 Filed 4-1-16; 8:45 am]
BILLING CODE 3510-06-P