[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
[Notices]
[Page 73062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20262]


-----------------------------------------------------------------------

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-125, Quarterly Survey of Transactions in 
Selected Services and Intellectual Property 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 June 6, 2024, 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.
    Title: Quarterly Survey of Transactions in Selected Services and 
Intellectual Property with Foreign Persons.
    OMB Control Number: 0608-0067.
    Form Number(s): BE-125.
    Type of Request: Regular submission.
    Estimated Number of Respondents: 11,200 annually (2,800 filed each 
quarter; 2,200 reporting mandatory data by country and affiliation, and 
600 that would file exemption claims or voluntary responses).
    Estimated Time per Response: 21 hours is the average for the 2,200 
respondents filing data by country and affiliation and 1 hour for those 
filing an exemption claim or voluntary response. Hours may vary 
considerably among respondents because of differences in company size 
and complexity.
    Estimated Total Annual Burden Hours: 187,200.
    Needs and Uses: The data are needed to monitor U.S. trade in 
services and intellectual property, 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 services 
and intellectual property 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: Quarterly.
    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 0608-0067.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary of 
Economic Affairs, Commerce Department.
[FR Doc. 2024-20262 Filed 9-6-24; 8:45 am]
BILLING CODE 3510-06-P