Federal Register / Vol. 87, No. 126 / Friday, July 1, 2022 / Proposed Rules 39411 

The values for ZX and ZN will be selected 

to ensure that, for an assessment period 

shortly before adoption of a final rule, 

aggregate assessments for all established 

small institutions would have been 

approximately the same under the final rule 

as they would have been under the 

assessment rate schedule that—under rules 

in effect before adoption of the final rule— 

will automatically go into effect when the 

reserve ratio reaches 1.15 percent. As an 

example, using aggregate assessments for all 

established small institutions for the third 

quarter of 2013 to determine ZX and ZN, and 

assuming that Min had equaled 3 basis points 

and Max had equaled 30 basis points, the 

value of ZX would have been 0.87 and the 

value of ZN ¥6.36. Hence based on equations 

4 and 5, 

a0 = 26.751 and 

a1 = 3.734. 

Therefore from equation 3, it follows that 

Equation 6 

RiT = 26.751 + 3.734 * ZiT subject to 3 ≤ RiT

≤ 30 

Substituting equation 2 produces an 

annual initial base assessment rate for 

institution i at time T, RiT, in terms of the 

uniform amount, the pricing multipliers and 

model variables: 

Equation 7 

RiT = [26.751 + 3.734 * b0] + 3.734 * [b1

(Leverage ratioiT)] + 3.734 * b2

(Nonperforming loans and leases ratioiT) 

+ 3.734 * b3 (Other real estate owned 

ratioiT) + 3.734 * b4 (Net income before 

taxes ratioiT) + 3.734 * b5 (Brokered 

deposit ratioiT) + 3.734 * b6 (Weighted 

average CAMELS component ratingiT) + 

3.734 * b7 (Loan mix indexiT) + 3.734 * 

b8 (One-year asset growthiT) 

again subject to 3 ≤ RiT ≤ 30 6

where 26.751 + 3.734 * b0 equals the uniform 

amount, 3.734 * bj is a pricing multiplier for 

the associated risk measure j, and T is the 

date of the report of condition corresponding 

to the end of the quarter for which the 

assessment rate is computed. 

6As stated above, RiT is also subject to the 

minimum and maximum assessment rates 

applicable to established small institutions 

based upon their CAMELS composite ratings. 

* * * * * 

Federal Deposit Insurance Corporation. 

By order of the Board of Directors. 

Dated at Washington, DC, on June 21, 2022. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2022–13578 Filed 6–30–22; 8:45 am] 

BILLING CODE 6714–01–P 

DEPARTMENT OF COMMERCE 

Bureau of Economic Analysis 

15 CFR Part 801 

[Docket No.: 220616–0136] 

RIN 0691–AA93 

Direct Investment Surveys: BE–12, 

Benchmark Survey of Foreign Direct 

Investment in the United States 

AGENCY: Bureau of Economic Analysis, 

Commerce. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: This proposed rule would 

amend regulations of the Department of 

Commerce’s Bureau of Economic 

Analysis (BEA) to set forth the reporting 

requirements for the 2022 BE–12, 

Benchmark Survey of Foreign Direct 

Investment in the United States. The 

BE–12 survey is conducted every five 

years; the prior survey covered 2017. 

The benchmark survey covers the 

universe of foreign direct investment in 

the United States and is BEA’s most 

detailed survey of such investment. For 

the 2022 BE–12 survey, BEA proposes 

changes in data items collected, the 

design of the survey forms, and the 

reporting requirements for the survey to 

satisfy changing data needs and to 

improve data quality and the 

effectiveness and efficiency of data 

collection. 

DATES: Comments on this proposed rule 

will receive consideration if submitted 

in writing on or before August 30, 2022. 

ADDRESSES: You can submit comments, 

identified by RIN 0691–AA93, and 

referencing the agency name (Bureau of 

Economic Analysis), by any of the 

following methods: 

• Federal eRulemaking Portal: 

https://www.regulations.gov. Follow the 

instructions for submitting comments. 

For Keyword or ID, enter ‘‘EAB–2022– 

0003.’’ 

• Email: Kirsten.Brew@bea.gov. 

• Mail: Multinational Operations 

Branch, Direct Investment Division, U.S. 

Department of Commerce, Bureau of 

Economic Analysis, BE–49, Washington, 

DC 20233. 

• Hand Delivery/Courier: 

Multinational Operations Branch, Direct 

Investment Division, U.S. Department of 

Commerce, Bureau of Economic 

Analysis, BE–49, 4600 Silver Hill Road, 

Suitland, MD 20746. 

Written comments regarding the 

burden-hour estimates or other aspects 

of the collection-of-information 

requirements contained in the proposed 

rule should be sent both to BEA through 

any of the methods above and to the 

Office of Management and Budget 

(OMB) by submitting comments at 

www.reginfo.gov/public/do/PRAMain. 

Find this particular information 

collection by selecting ‘‘Currently under 

Review’’ or by using the search function 

and entering the title of the collection. 

Public Inspection: All comments 

received are a part of the public record 

and will generally be posted to https:// 

www.regulations.gov without change. 

All personal identifying information (for 

example, name, address, etc.) 

voluntarily submitted by the 

commentator may be publicly 

accessible. Do not submit confidential 

business information or otherwise 

sensitive or protected information. BEA 

will accept anonymous comments (enter 

N/A in required fields if you wish to 

remain anonymous). 

FOR FURTHER INFORMATION CONTACT: 

Kirsten Brew, Chief, Multinational 

Operations Branch (BE–49), Bureau of 

Economic Analysis, U.S. Department of 

Commerce, Washington, DC 20233; 

email Kirsten.Brew@bea.gov or phone 

(301) 278–9152. 

SUPPLEMENTARY INFORMATION: The BE– 

12, Benchmark Survey of Foreign Direct 


khammond on DSKJM1Z7X2PROD with PROPOSALSEP01JY22.009</GPH> EP01JY22.010</GPH>

Equation 4 

Gro =Min-~ • (Mal;-Min) 

Zx-·~ 

Equation 5 

~Vax-Min 

Zx -ZN 
39412 Federal Register / Vol. 87, No. 126 / Friday, July 1, 2022 / Proposed Rules 

Investment in the United States, is a 

mandatory survey and is conducted 

once every five years by BEA under the 

authority of the International 

Investment and Trade in Services 

Survey Act (22 U.S.C. 3101–3108), 

hereinafter, ‘‘the Act.’’ The data 

reported to BEA through this survey are 

confidential and may be used only for 

analytical and statistical purposes. A 

response is required from persons 

subject to the reporting requirements of 

the BE–12, whether or not they are 

contacted by BEA. 

The BE–12 survey covers the universe 

of foreign direct investment in the 

United States in terms of value and is 

BEA’s most detailed survey of such 

investment. Foreign direct investment 

in the United States is defined as the 

ownership or control, directly or 

indirectly, by one foreign person 

(foreign parent) of 10 percent or more of 

the voting securities of an incorporated 

U.S. business enterprise or an 

equivalent interest in an unincorporated 

U.S. business enterprise, including a 

branch. 

The purpose of the BE–12 survey is to 

obtain universe data on the financial 

and operating characteristics of U.S. 

affiliates and on positions and 

transactions between U.S. affiliates and 

their foreign parent groups (which are 

defined to include all foreign parents 

and foreign affiliates of foreign parents). 

These data are needed to measure the 

size and economic significance of 

foreign direct investment in the United 

States, measure changes in such 

investment, and assess its impact on the 

U.S. economy. Such data are generally 

found in enterprise-level accounting 

records of respondent companies. These 

data are used to derive current universe 

estimates of direct investment from 

sample data collected in other BEA 

surveys in non-benchmark years. In 

particular, they serve as benchmarks for 

the quarterly direct investment 

estimates included in the U.S. 

international transactions, international 

investment position, and national 

income and product accounts, and for 

annual estimates of the foreign direct 

investment position in the United States 

and of the activities of the U.S. affiliates 

of foreign companies. 

This proposed rule would amend 15 

CFR 801 to set forth the reporting 

requirements for the BE–12, Benchmark 

Survey of Foreign Direct Investment in 

the United States. The Department of 

Commerce, as part of its continuing 

effort to reduce paperwork and 

respondent burden, invites the general 

public and other Federal agencies to 

comment on proposed and/or 

continuing information collections, as 

required by the Paperwork Reduction 

Act of 1995, 44 U.S.C. 3501–3520 (PRA). 

Description of Changes 

The proposed changes would amend 

the regulations and the survey forms for 

the BE–12 benchmark survey. These 

amendments include changes in data 

items collected and the design of the 

survey forms. 

BEA proposes to add, delete, and 

modify some items on the BE–12 survey 

forms. Most of the additions are 

proposed in response to suggestions 

from data users and to provide more 

information about foreign direct 

investment in the United States. The 

following items would be added to, or 

modified on, the BE–12 survey: 

(1) A question will be added to collect 

the city of each foreign parent and 

ultimate beneficial owner (UBO) on all 

forms. This will be used to validate the 

countries of foreign investors and 

provide additional information on the 

location of investors. 

(2) The balance sheet and income 

statement sections on the BE–12A form 

will be modified to separately collect 

the investment in, and income from, (a) 

‘‘unconsolidated U.S. affiliates’’ and (b) 

‘‘foreign entities,’’ which were 

previously collected as a combined 

total. This will assist in ensuring 

complete coverage of unconsolidated 

U.S. affiliates and in better aligning the 

BE–12 survey data with other direct 

investment surveys. 

(3) Supplemental sections A and B, 

which collect identification information 

on business enterprises owned by the 

U.S. affiliate, will be modified on all 

BE–12 forms to request more 

information on the reasons the U.S. 

business enterprises changed since the 

last report. This will include options for 

‘‘newly acquired’’ or ‘‘newly 

established’’ if an enterprise is being 

reported on a supplement for the first 

time, and options to report U.S. 

business enterprises that had a name 

change, were sold, merged or liquidated. 

A follow-up question will be added 

requesting the date of the corporate 

change for new enterprises. This 

information will allow BEA to inform 

entities about potential reporting 

requirements on other surveys of foreign 

direct investment in the United States. 

(4) Questions will be added on the 

BE–12A form to collect sales data for 

certain service types where there is no 

clear link between the industry of sales 

and the type of services supplied. Those 

service types are (1) intellectual 

property (IP) rights and (2) advertising. 

These questions will contribute to 

BEA’s efforts to develop a more 

complete and consistent picture of the 

types of services supplied by U.S. 

companies worldwide. 

(5) Questions will be added to collect 

sales data on the BE–12A form related 

to the provision of selected services 

generally recognized as prevalent in the 

digital economy. These selected services 

are (1) cloud computing and data 

storage and (2) digital intermediation 

services. In addition, checkboxes will be 

added to the BE–12A for respondents to 

identify the percentage of their sales of 

services delivered remotely, sales of 

services that were digitally ordered, and 

sales of goods that were digitally 

ordered, along with checkboxes to 

identify if this information was sourced 

from their accounting records or from 

recall/general knowledge. These 

questions will contribute to BEA’s 

efforts to measure the digital economy. 

BEA also proposes to eliminate the 

following items from the benchmark 

survey: 

(1) Expensed petroleum and mining 

expenditures will be removed from the 

BE–12A form. 

(2) Commercial property will be 

removed from the state schedule of the 

BE–12A and BE–12B forms. 

Respondents have been confused by this 

concept, which can vary by state or 

industry, and have indicated that the 

information may not be readily available 

from their records. 

(3) Part III of the BE–12A and BE–12B 

forms, which collects information on 

investment and transactions between 

the U.S. affiliate and the affiliated 

foreign group will be scaled back to 

include only the following items: 

• Foreign parent ownership and 

classification information 

• A question on reverse investment 

• Intercompany debt balances for U.S. 

affiliates with less than $60 million in 

assets, sales, or net income. 

BEA will also modify the survey 

forms to improve question wording, 

layout, and instructions. 

This proposed rule would amend 15 

CFR part 801 by modifying § 801.10 to 

clarify the timing of this benchmark 

survey. The next BE–12 survey will 

apply to the 2022 fiscal reporting year, 

and will be conducted once every five 

years thereafter, for reporting years 

ending in 2 and 7. 

Each time a benchmark survey is to be 

conducted, BEA will describe any 

proposed changes to the information 

collected through the survey (including 

the addition, deletion, and/or 

modification of existing questions and 

definitions) in a public notice and will 

solicit comments as part of the 

requirements of the Paperwork 

Reduction Act (PRA). Any changes to 

reporting requirements or significant 


khammond on DSKJM1Z7X2PROD with PROPOSALS
Federal Register / Vol. 87, No. 126 / Friday, July 1, 2022 / Proposed Rules 39413 

expansions in scope of the surveys 

would be conducted by rulemaking. 

Executive Order 12866 

This proposed rule has been 

determined to be not significant for 

purposes of E.O. 12866. 

Executive Order 13132 

This proposed rule does not contain 

policies with Federalism implications 

sufficient to warrant preparation of a 

Federalism assessment under E.O. 

13132. 

Paperwork Reduction Act 

This proposed rule contains a 

collection-of-information requirement 

subject to review and approval by OMB 

under the PRA. The requirement will be 

submitted to OMB for approval as a 

reinstatement, with change, of a 

previously approved collection under 

OMB control number 0608–0042. 

Notwithstanding any other provisions 

of the law, no person is required to 

respond to, nor shall any person be 

subject to a penalty for failure to comply 

with, a collection of information subject 

to the requirements of the PRA unless 

that collection displays a currently valid 

OMB control number. 

The BE–12 survey, as proposed, is 

expected to result in the filing of reports 

from approximately 26,400 U.S. 

affiliates. Total annual burden is 

calculated by multiplying the estimated 

number of submissions of each form (A, 

B, C, and Claim for Not Filing) by the 

average hourly burden per form and 

summing the results for the four forms. 

The total respondent burden for this 

survey is estimated at 276,441 hours, 

compared to 249,625 hours for the 

previous (2017) benchmark survey. An 

increase in the number of foreign-owned 

companies accounts for nearly all of the 

increase in the estimated respondent 

burden, while the addition of new 

questions and the deletion of previous 

questions had a marginal impact on the 

estimated respondent burden. The 

respondent burden will vary from one 

company to another. The estimated 

average time per respondent is 10.5 

hours (276,441 hours/26,400 

respondents) per response, including 

time for reviewing instructions, 

searching existing data sources, 

gathering and maintaining the data 

needed, and completing and reviewing 

the collection of information. 

Comments are requested concerning: 

(a) whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the burden estimate; 

(c) ways to enhance the quality, utility, 

and clarity of the information collected; 

and (d) ways to minimize the burden of 

the collection of information on the 

respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

Written comments regarding the 

burden-hour estimates or other aspects 

of the collection-of-information 

requirements contained in the proposed 

rule should be sent to both BEA and 

OMB following the instructions given in 

the ADDRESSES section above. 

Regulatory Flexibility Act 

The Chief Counsel for Regulation, 

Department of Commerce, has certified 

to the Chief Counsel for Advocacy, 

Small Business Administration, under 

the provisions of the Regulatory 

Flexibility Act (RFA), 5 U.S.C. 605(b), 

that this proposed rulemaking, if 

adopted, will not have a significant 

economic impact on a substantial 

number of small entities. 

Most of the U.S. business enterprises 

that are required to file the survey are 

units of multinational enterprises. To 

qualify as a small business, the 

multinational enterprise as a whole 

must be evaluated when determining if 

the business meets the size standards set 

by the Small Business Administration. 

While BEA only collects information on 

the U.S. portion of the multinational 

enterprise, the size determination takes 

into account the sizes of both the U.S. 

businesses and their foreign parents. 

BEA estimates that approximately 15 

percent of the U.S. businesses that will 

be required to respond to the BE–12 

survey are considered small businesses 

based on the SBA size standards. 

For the relatively few small 

businesses that meet the reporting 

requirements of the survey, BEA has 

attempted to keep burden to a minimum 

by asking a limited number of questions. 

The amount of information required to 

be reported by each U.S. affiliate is 

determined by the size of the affiliate’s 

assets, sales, or net income or loss. The 

reporting thresholds for Form BE–12A 

(the longest form) and Form BE–12B are 

$300 million and $60 million, 

respectively. All affiliates below $60 

million will file on Form BE–12C (the 

shortest form). The smallest affiliates, 

those below $20 million, are only 

required to report a few items on Form 

BE–12C. These data items are likely to 

be readily available from existing 

business records. Compliance with the 

survey should take less than one hour. 

Because few small businesses are 

required to file the survey and because 

those impacted are subject to only 

minimal reporting burden, the Chief 

Counsel for Regulation certifies that this 

proposed rule will not have a significant 

economic impact on a substantial 

number of small entities. 

List of Subjects in 15 CFR Part 801 

Economic statistics, Foreign direct 

investment in the United States, 

International transactions, Multinational 

enterprises, Penalties, Reporting and 

record keeping requirements. 

Paul W. Farello, 

Associate Director of International 

Economics, Bureau of Economic Analysis 

For reasons set forth in the preamble, 

BEA proposes to amend 15 CFR part 801 

as follows: 

PART 801—SURVEY OF 

INTERNATIONAL TRADE IN SERVICES 

BETWEEN U.S. AND FOREIGN 

PERSONS AND SURVEYS OF DIRECT 

INVESTMENT 

■ 1. The authority citation for 15 CFR 

part 801 continues to read as follows: 

Authority: 5 U.S.C. 301; 15 U.S.C. 4908; 

22 U.S.C. 3101–3108; E.O. 11961 (3 CFR, 

1977 Comp., p. 86), as amended by E.O. 

12318 (3 CFR, 1981 Comp. p. 173); and E.O. 

12518 (3 CFR, 1985 Comp. p. 348). 

■ 2. Revise § 801.3 to read as follows: 

§ 801.3 Reporting requirements. 

Except for surveys subject to 

rulemaking in §§ 801.7, 801.8, 801.9, 

and 801.10, reporting requirements for 

all other surveys conducted by the 

Bureau of Economic Analysis shall be as 

follows: 

(a) Notice of specific reporting 

requirements, including who is required 

to report, the information to be reported, 

the manner of reporting, and the time 

and place of filing reports, will be 

published by the Bureau of Economic 

Analysis in the Federal Register prior to 

the implementation of a survey; 

(b) In accordance with section 

3104(b)(2) of title 22 of the United States 

Code, persons notified of these surveys 

and subject to the jurisdiction of the 

United States shall furnish, under oath, 

any report containing information that 

is determined to be necessary to carry 

out the surveys and studies provided for 

by the Act; and 

(c) Persons not notified in writing of 

their filing obligation by the Bureau of 

Economic Analysis are not required to 

complete the survey. 

■ 3. Amend § 801.10 to read as follows: 

§ 801.10 Rules and regulations for BE–12, 

Benchmark Survey of Foreign Direct 

Investment in the United States. 

A BE–12, Benchmark Survey of 

Foreign Direct Investment in the United 

States, will be conducted once every 


khammond on DSKJM1Z7X2PROD with PROPOSALS
39414 Federal Register / Vol. 87, No. 126 / Friday, July 1, 2022 / Proposed Rules 

five years and covers years ending in 2 

and 7. BEA will describe the proposed 

information collection in a public notice 

and will solicit comments accounting to 

the requirements of the Paperwork 

Reduction Act (44 U.S.C. 3501–3520). 

All legal authorities, provisions, 

definitions, and requirements contained 

in §§ 801.1 through 801.2 and §§ 801.4 

through 801.6 are applicable to this 

survey. Specific additional rules and 

regulations for the BE–12 survey are 

given in paragraphs (a) through (e) of 

this section. More detailed instructions 

are given on the report forms and 

instructions. 

(a) Response required. A response is 

required from persons subject to the 

reporting requirements of the BE–12, 

Benchmark Survey of Foreign Direct 

Investment in the United States, 

contained in this section, whether or not 

they are contacted by BEA. Also, a 

person, or their agent, contacted by BEA 

about reporting in this survey, either by 

sending them a report form or by 

written inquiry, must respond in writing 

pursuant this section. This may be 

accomplished by filing a properly 

completed BE–12 report (BE–12A, BE– 

12B, BE–12C, or BE–12 Claim for Not 

Filing); 

(b) Who must report. A BE–12 report 

is required for each U.S. affiliate (except 

certain private funds as described 

below), that is, for each U.S. business 

enterprise in which a foreign person 

(foreign parent) owned or controlled, 

directly or indirectly, 10 percent or 

more of the voting securities in an 

incorporated U.S. business enterprise, 

or an equivalent interest in an 

unincorporated U.S. business 

enterprise, at the end of the business 

enterprise’s fiscal year that ended in the 

calendar year covered by the survey. 

Certain private funds are exempt from 

reporting on the BE–12 survey. If a U.S. 

business meets ALL of the following 3 

criteria, it is not required to file any BE– 

12 form except to indicate exemption 

from the survey if contacted by BEA: (1) 

The U.S. business enterprise is a private 

fund; (2) the private fund does not own, 

directly or indirectly through another 

business enterprise, an ‘‘operating 

company’’—i.e., a business enterprise 

that is not a private fund or a holding 

company—in which the foreign parent 

owns at least 10 percent of the voting 

interest; AND (3) if the foreign parent 

owns the private fund indirectly 

(through one or more other U.S. 

business enterprises), there are no U.S. 

‘‘operating companies’’ between the 

foreign parent and the indirectly-owned 

private fund. 

(c) Forms to be filed. (1) Form BE–12A 

must be completed by a U.S. affiliate 

that was majority-owned by one or more 

foreign parents (for purposes of this 

survey, a ‘‘majority-owned’’ U.S. 

affiliate is one in which the combined 

direct and indirect ownership interest of 

all foreign parents of the U.S. affiliate 

exceeds 50 percent) if, on a fully 

consolidated basis, or, in the case of real 

estate investment, on an aggregated 

basis, if any one of the following three 

items for the U.S. affiliate (not just the 

foreign parent’s share) was greater than 

$300 million (positive or negative) at the 

end of, or for, its fiscal year that ended 

in the calendar year covered by the 

survey: 

(i) Total assets (do not net out 

liabilities); 

(ii) Sales or gross operating revenues, 

excluding sales taxes; or 

(iii) Net income after provision for 

U.S. income taxes. 

(2) Form BE–12B must be completed 

by: 

(i) A majority-owned U.S. affiliate if, 

on a fully consolidated basis, or, in the 

case of real estate investment, on an 

aggregated basis, any one of the three 

items listed in paragraph (c)(1) of this 

section (not just the foreign parent’s 

share), was greater than $60 million 

(positive or negative) but none of these 

items was greater than $300 million 

(positive or negative) at the end of, or 

for, its fiscal year that ended in the 

calendar year covered by the survey. 

(ii) A minority-owned U.S. affiliate 

(for purposes of this survey, a 

‘‘minority-owned’’ U.S. affiliate is one 

in which the combined direct and 

indirect ownership interest of all foreign 

parents of the U.S. affiliate is 50 percent 

or less) if, on a fully consolidated basis, 

or, in the case of real estate investment, 

on an aggregated basis, any one of the 

three items listed in paragraph (c)(1) of 

this section (not just the foreign parent’s 

share), was greater than $60 million 

(positive or negative) at the end of, or 

for, its fiscal year that ended in the 

calendar year covered by the survey. 

(3) Form BE–12C must be completed 

by a U.S. affiliate if, on a fully 

consolidated basis, or, in the case of real 

estate investment, on an aggregated 

basis, none of the three items listed in 

paragraph (c)(1) of this section for a U.S. 

affiliate (not just the foreign parent’s 

share), was greater than $60 million 

(positive or negative) at the end of, or 

for, its fiscal year that ended in the 

calendar year covered by the survey. 

(4) Any U.S. person that is contacted 

by BEA concerning the BE–12 survey, 

but is not subject to the reporting 

requirements, must file a BE–12 Claim 

for Not Filing. This requirement is 

necessary to ensure compliance with 

reporting requirements and efficient 

administration of the Act by eliminating 

unnecessary follow-up contact. 

(d) Aggregation of real estate 

investments. All real estate investments 

of a foreign person must be aggregated 

for the purpose of applying the 

reporting criteria. A single report form 

must be filed to report the aggregate 

holdings, unless written permission has 

been received from BEA to do 

otherwise. Those holdings not 

aggregated must be reported separately 

on the same type of report that would 

have been required if the real estate 

holdings were aggregated. 

(e) Due date. A fully completed and 

certified Form BE–12A, BE–12B, BE– 

12C, or BE–12 Claim for Not Filing is 

due to be filed with BEA not later than 

May 31 of the year after the year covered 

by the survey (or by June 30 for 

reporting companies that use BEA’s 

eFile system). 

[FR Doc. 2022–14100 Filed 6–30–22; 8:45 am] 

BILLING CODE 3510–06–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

18 CFR Part 141 

[Docket Nos. RM22–16–000 and AD21–13– 

000] 

One-Time Informational Reports on 

Extreme Weather Vulnerability 

Assessments; Climate Change, 

Extreme Weather, and Electric System 

Reliability 

AGENCY: Federal Energy Regulatory 

Commission. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: The Federal Energy 

Regulatory Commission is initiating this 

rulemaking to propose to direct 

transmission providers to submit onetime informational reports describing 

their current or planned policies and 

processes for conducting extreme 

weather vulnerability assessments. The 

Commission proposes to define extreme 

weather vulnerability assessments as 

analyses that identify where and under 

what conditions jurisdictional 

transmission assets and operations are 

at risk from the impacts of extreme 

weather events, how those risks will 

manifest themselves, and what the 

consequences will be for system 

operations. Specifically, the 

Commission proposes to require 

transmission providers to submit a onetime informational report on how they 

establish a scope for their extreme 

weather vulnerability assessments, 


khammond on DSKJM1Z7X2PROD with PROPOSALS