[Federal Register Volume 62, Number 237 (Wednesday, December 10, 1997)]
[Notices]
[Page 65061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32282]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    DOC has submitted to the Office of Management and Budget (OMB) for 
clearance the following proposal for collection of information under 
the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35).
    Agency: Bureau of Economic Analysis.
    Title: Initial Report on a Foreign Person's Direct or Indirect 
Acquisition, Establishment, or Purchase of the Operating Assets, of a 
U.S. Business Enterprise, Including Real Estate (BE-13); and Report by 
a U.S. Person Who Assists or Intervenes in the Acquisition of a U.S. 
Business Enterprise by, or Who Enters into a Joint Venture with, a 
Foreign Person (BE-14)
    Form Number(s): BE-13, BE-14.
    Agency Approval Number: 0608-0035.
    Type Of Request: Revision of a currently approved collection.
    Burden: 1,800.
    Number of Respondents: 1,200.
    Avg Hours Per Response: 1\1/2\ hours.
    Needs And Uses: The survey obtains comprehensive initial data on 
new foreign direct investments in the United States. The data are 
needed to measure the economic significance of new foreign direct 
investment in the United States, measure changes in such investment, 
and assess its impact on the U.S. economy.
    The data from this survey complement data from BEA's other ongoing 
surveys of foreign direct investment in the United States, which cover 
overall operations of U.S. affiliates and the transactions and 
positions between the U.S. affiliates and their foreign parents. 
However, compared to these other surveys, the data from the BE-13 
survey provide a fuller understanding of the acquisition and 
establishment of new U.S. affiliates. The data are used by the Office 
of the U.S. Trade Representative, the International Trade 
Administration of the Commerce Department, and the Departments of 
Treasury and State, to carry out U.S. international investment 
policies. The data are needed by the Council of Economic Advisors, the 
Federal Reserve Board, and other U.S. Government agencies in the 
formulation of U.S. international economic policy.
    Affected Public: Businesses or other for-profit institutions.
    Frequency: One-time report when a transaction occurs.
    Respondent's Obligation: Mandatory.
    Legal Authority: Title 22 U.S.C., Sections 3101-3108, as amended.
    OMB Desk Officer: Paul Bugg, (202) 395-3093.
    Copies of the above information collection proposal can be obtained 
by calling or writing Linda Engelmeier, DOC Forms Clearance Officer, 
(202) 482-3272, Department of Commerce, Room 5327, 14th Street and 
Constitution Avenue, NW, Washington, DC 20230.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to Paul Bugg, OMB Desk Officer, Room 10201, New Executive Office 
Building, Washington, DC 20503.

    Dated: December 4, 1997.
Linda Engelmeier,
Departmental Forms Clearance Officer, Office of Management and 
Organization
[FR Doc. 97-32282 Filed 12-9-97; 8:45 am]
BILLING CODE 3510-06-P