📊Changes to BE-577 Reporting Requirements for Direct Investment
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-577, Quarterly Survey of U.S. Direct Investment Abroad-Transactions of U.S. Reporter With Foreign Affiliate
Summary
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 public's reporting burden. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB.
Agencies
- Commerce Department
- Economic Analysis Bureau
Business Impact
$$ - Med
The document discusses changes in the BE-577 survey reporting requirements, particularly raising the threshold for who must report on foreign investments. This impacts businesses with foreign affiliates by potentially reducing reporting burdens. Furthermore, data collected from these reports help assess and understand economic activity, influencing strategic business decisions.