Federal Register / Vol. 87, No. 19 / Friday, January 28, 2022 / Notices 4557 

Paperwork Reduction Act Notice 

This data collection has been 

approved by the Office of Management 

and Budget (OMB) in accordance with 

the Paperwork Reduction Act and 

assigned control number 0608–0065. An 

agency may not conduct or sponsor, and 

a person is not required to respond to, 

a collection of information unless it 

displays a valid control number 

assigned by OMB. Public reporting 

burden for this collection of information 

is estimated to average 10 hours per 

response. Additional information 

regarding this burden estimate may be 

viewed at www.reginfo.gov; under the 

Information Collection Review tab, click 

on ‘‘Search’’ and use the above OMB 

control number to search for the current 

survey instrument. Send comments 

regarding this burden estimate to 

Christopher Stein, Chief, Services 

Surveys Branch, Balance of Payments 

Division, via email at 

Christopher.Stein@bea.gov; and to the 

Office of Management and Budget, 

Paperwork Reduction Project 0608– 

0065, via email at OIRA_Submission@

omb.eop.gov. 

Authority: 22 U.S.C. 3101–3108 and 

15 U.S.C. 4908(b). 

Paul W. Farello, 

Associate Director for International 

Economics, Bureau of Economic Analysis. 

[FR Doc. 2022–01668 Filed 1–27–22; 8:45 am] 

BILLING CODE 3510–06–P 

DEPARTMENT OF COMMERCE 

Bureau of Economic Analysis 

[Docket No. 220119–0026] 

RIN 0691–XC128 

BE–125: Quarterly Survey of 

Transactions in Selected Services and 

Intellectual Property With Foreign 

Persons 

AGENCY: Bureau of Economic Analysis, 

Commerce. 

ACTION: Notice of reporting 

requirements. 

SUMMARY: By this Notice, the Bureau of 

Economic Analysis (BEA), Department 

of Commerce, is informing the public 

that it is conducting the mandatory 

survey titled Quarterly Survey of 

Transactions in Selected Services and 

Intellectual Property with Foreign 

Persons (BE–125). The data collected on 

the BE–125 survey are needed to 

measure U.S. trade in services and to 

analyze the impact of U.S. trade on the 

U.S. and foreign economies. This survey 

is authorized by the International 

Investment and Trade in Services 

Survey Act. 

FOR FURTHER INFORMATION CONTACT: 

Christopher Stein, Chief, Services 

Surveys Branch, Balance of Payments 

Division, via phone at (301) 278–9189 or 

via email at Christopher.Stein@bea.gov. 

SUPPLEMENTARY INFORMATION: Through 

this Notice, BEA publishes the reporting 

requirements for the BE–125 survey 

form. As noted below, all entities 

required to respond to this mandatory 

survey will be contacted by BEA. 

Entities must submit the completed 

survey forms within 30 days after the 

end of each fiscal quarter, except for the 

final quarter of the entity’s fiscal year 

when reports must be filed within 45 

days. This Notice is being issued in 

conformance with the rule BEA issued 

on April 24, 2012 (77 FR 24373), 

establishing guidelines for collecting 

data on international trade in services 

and direct investment through notices, 

rather than through rulemaking. 

Additional information about BEA’s 

collection of data on international trade 

in services and direct investment can be 

found in the 2012 rule, the International 

Investment and Trade in Services 

Survey Act (22 U.S.C. 3101 et seq.), and 

15 CFR part 801. Survey data on 

international trade in services and direct 

investment that are not collected 

pursuant to the 2012 rule are described 

separately in 15 CFR part 801. The BE– 

125 survey form and instructions are 

available at www.bea.gov/ssb. 

Reporting 

Notice of specific reporting 

requirements, including who is to 

report, the information to be reported, 

the manner of reporting, and the time 

and place of filing reports, will be 

mailed to those required to complete 

this survey. 

Who Must Report: (a) Reports are 

required from each U.S. person who had 

combined reportable sales of services or 

intellectual property to foreign persons 

that exceeded $6 million during the 

previous fiscal year, or are expected to 

exceed that amount during the current 

fiscal year; or had combined reportable 

purchases of services or intellectual 

property from foreign persons that 

exceeded $4 million during the previous 

fiscal year, or are expected to exceed 

that amount during the current fiscal 

year. Because the thresholds are applied 

separately to sales and purchases, the 

reporting requirements may apply only 

to sales, only to purchases, or to both. 

See BE–125 survey form for more 

details. 

(b) Entities required to report will be 

contacted individually by BEA. Entities 

not contacted by BEA have no reporting 

responsibilities. 

What To Report: The survey collects 

information on U.S. international trade 

in selected services and intellectual 

property. 

How To Report: Reports can be filed 

using BEA’s electronic reporting system 

at www.bea.gov/efile. Copies of the 

survey forms and instructions, which 

contain complete information on 

reporting procedures and definitions, 

can be downloaded from www.bea.gov/ 

ssb and submitted through mail or fax. 

Form BE–125 inquiries can be made by 

phone to BEA at (301) 278–9303 or by 

sending an email to be-125help@

bea.gov. 

When To Report: Reports are due to 

BEA 30 days after the end of each fiscal 

quarter, except for the final quarter of 

the entity’s fiscal year when reports 

must be filed within 45 days. 

Paperwork Reduction Act Notice 

This data collection has been 

approved by the Office of Management 

and Budget (OMB) in accordance with 

the Paperwork Reduction Act and 

assigned control number 0608–0067. An 

agency may not conduct or sponsor, and 

a person is not required to respond to, 

a collection of information unless it 

displays a valid control number 

assigned by OMB. Public reporting 

burden for this collection of information 

is estimated to average 21 hours per 

response. Additional information 

regarding this burden estimate may be 

viewed at www.reginfo.gov; under the 

Information Collection Review tab, click 

on ‘‘Search’’ and use the above OMB 

control number to search for the current 

survey instrument. Send comments 

regarding this burden estimate to 

Christopher Stein, Chief, Services 

Surveys Branch, Balance of Payments 

Division, via email at 

Christopher.Stein@bea.gov; and to the 

Office of Management and Budget, 

Paperwork Reduction Project 0608– 

0067, via email at 

OIRA_OIRASubmission@omb.eop.gov. 

Authority: 22 U.S.C. 3101–3108. 

Paul W. Farello, 

Associate Director for International 

Economics, Bureau of Economic Analysis. 

[FR Doc. 2022–01665 Filed 1–27–22; 8:45 am] 

BILLING CODE 3510–06–P 


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