[Federal Register Volume 88, Number 196 (Thursday, October 12, 2023)]
[Notices]
[Page 70639]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-22576]


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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: BE-140, Benchmark Survey of Insurance 
Transactions by U.S. Insurance Companies With Foreign Persons

    The Department of Commerce will submit the following information 
collection request to the Office of Management and Budget (OMB) for 
review and clearance, in accordance with the Paperwork Reduction Act of 
1995 (PRA) on or after the date of publication of this notice. We 
invite 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. Public comments were previously requested 
via the Federal Register on July 19, 2023, during a 60-day comment 
period. This notice allows for an additional 30 days for public 
comments.
    Agency: Bureau of Economic Analysis, Department of Commerce.
    OMB Control Number: 0608-0073.
    Form Number(s): BE-140.
    Type of Request: Regular submission. Reinstatement with change of a 
previously approved collection.
    Estimated Number of Respondents: 1,300 annually (1,000 reporting 
mandatory data and 300 that would file exemption claims or voluntary 
responses).
    Estimated Time per Response: 9 hours is the average for the 600 
respondents filing data by country and affiliation, 2 hours for the 400 
respondents filing data by transaction type only, and 1 hour for those 
filing an exemption claim or other response. Hours may vary 
considerably among respondents because of differences in company size 
and complexity.
    Estimated Total Annual Burden Hours: 6,500.
    Needs and Uses: The data are needed to monitor U.S. trade in 
insurance services, to analyze the impact of these cross-border 
services on the U.S. and foreign economies, to compile and improve the 
U.S. economic accounts, to support U.S. commercial policy on trade in 
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 trade in insurance services component of the 
U.S. international transactions accounts (ITAs) and national income and 
product accounts (NIPAs).
    Affected Public: Business or other for-profit organizations.
    Frequency: Every fifth year, for reporting years ending in ``3'' 
and ``8''.
    Respondent's Obligation: Mandatory.
    Legal Authority: International Investment and Trade in Services 
Survey Act (Pub. L. 94-472, 22 U.S.C. 3101-3108, as amended).
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view the 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 Review--Open for Public Comments'' or by using the search 
function and entering either the title of the collection or the OMB 
Control Number 0608-0073.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary of 
Economic Affairs, Commerce Department.
[FR Doc. 2023-22576 Filed 10-11-23; 8:45 am]
BILLING CODE 3510-06-P