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Federal Register / Vol. 86, No. 165 / Monday, August 30, 2021 / Notices
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1 hour for the Claim for Exemption form.
Needs and Uses: The Annual Survey of Foreign Direct Investment in the United States BE15 obtains sample data on the financial structure and operations of foreign-owned U.S.
business enterprises. The data are needed to provide reliable, useful, and timely measures of foreign direct investment in the United States to assess its impact on the U.S. economy.
The sample data are used to derive universe estimates in nonbenchmark years from similar data reported in the BE12, Benchmark Survey of Foreign Direct Investment in the United States, which is conducted every five years.
The data collected include balance sheets; income statements; property, plant, and equipment; employment and employee compensation; merchandise trade; sales of goods and services; taxes;
and research and development activity for the U.S. operations. In addition to these national data, several data items are collected by state, including employment and property, plant, and equipment.
Affected Public: Businesses or other for-profit organizations.
Frequency: Annual.
Respondents Obligation: Mandatory.
Legal Authority: International Investment and Trade in Services Survey Act Pub. L. 94472, 22 U.S.C.
31013108, as amended.
This information collection request may be viewed at www.reginfo.gov.
Follow the instructions to view Department of Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information collection should be submitted within 30 days of the publication of this notice on the following website www.reginfo.gov/
public/do/PRAMain. Find this particular information collection by selecting Currently under 30-day ReviewOpen for Public Comments or by using the search function and entering either the title of the collection or the OMB Control Number 06080034.
Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department.
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis Agency Information Collection Activities; Submission to the Office of Management and Budget OMB for Review and Approval; Comment Request; Services Surveys: BE29, Annual Survey of Foreign Ocean Carriers Expenses in the United States Bureau of Economic Analysis, Commerce.
ACTION: Notice of information collection, request for comment.
AGENCY:

The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995
PRA, invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the publics reporting burden. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB.
DATES: To ensure consideration, comments regarding this proposed information collection must be received on or before October 29, 2021.
ADDRESSES: Interested persons are invited to submit written comments to Christopher Stein, Chief, Services Surveys Branch, Bureau of Economic Analysis, by email to christopher.stein@
bea.gov or PRAcomments@doc.gov.
Please reference OMB Control Number 06080012 in the subject line of your comments. Do not submit Confidential Business Information or otherwise sensitive or protected information.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or specific questions related to collection activities should be directed to Christopher Stein, Chief, Services Surveys Branch, Bureau of Economic Analysis, 3012789189, or via email at christopher.stein@bea.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:

I. Abstract The Annual Survey of Foreign Ocean Carriers Expenses in the United States BE29 collects data from U.S. agents of foreign ocean carriers that handled 40 or more foreign ocean carrier port calls during the year, or had total covered expenses of $250,000 or more during the year for all foreign ocean vessels handled by the U.S. agent.
The data are needed monitor trade in transport services, to analyze the impact of U.S. trade on the U.S. and foreign economies, to compile and improve the
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U.S. economic accounts, to support U.S.
commercial policy on trade in transport services, to conduct trade promotion, and to improve the ability of U.S.
businesses to identify and evaluate market opportunities. The data are used in estimating the transport services component of the U.S. international transactions accounts ITAs and national income and product accounts NIPAs.
The Bureau of Economic Analysis BEA is proposing no additions or modifications to the information collected on the current BE29. The language in the instructions and definitions will be reviewed and adjusted as necessary to clarify survey requirements.
BEA proposes to change the due date of the survey to 45 days after the close of each year from 90 days, beginning with the reporting period for the 2021
year, which will be collected in 2022.
Shortening the reporting timeline will allow BEA to produce more accurate and complete trade in transport services statistics in the ITAs, which is critical information for policymakers timely decisions on international trade policy.
The earlier due date will allow BEA to validate the data and integrate it into the statistics in time for the annual update of the ITAs, improving the accuracy of both the aggregates and the country detail and reducing revisions in subsequent statistical releases.
BEA estimates there will be no change in the average number of burden hours per response, which is currently estimated to be 3 hours. The language in the instructions and definitions will be reviewed and adjusted as necessary to clarify survey requirements.
II. Method of Collection BEA contacts potential respondents by mail in December of the preceding year. Respondents would be required to file the completed BE29 forms within 45 days after the end of the year.
Reports will be required from U.S.
agents of foreign ocean carriers that handled 40 or more foreign ocean carrier port calls during the year or had covered expenses of $250,000 or more during the year for all foreign ocean vessels handled by the U.S. agent.
Entities required to report will be contacted individually by BEA. Entities not contacted by BEA have no reporting responsibilities.
BEA offers its electronic filing option, the eFile system, for use in reporting on Form BE29. For more information about eFile, go to www.bea.gov/efile. In addition, BEA posts all its survey forms and reporting instructions on its website, www.bea.gov/ssb. These may
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