Quarterly Survey of Foreign Direct Investment in the United States (BE-605)
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The Bureau of Economic Analysis (BEA) is renewing with revisions the mandatory Quarterly Survey of Foreign Direct Investment in the United States using Form BE-605. This survey collects data on transactions and positions between U.S. affiliates and their foreign parent groups. It applies to all foreign-owned U.S. business enterprises above a size-exemption level, excluding certain private funds. Approximately 2,100 respondents per quarter (8,400 annually) must report, with an average burden of 1 hour per response, resulting in 8,400 total burden hours per year. The data are used to produce U.S. international transactions accounts, national income and product accounts, and the net international investment position. This notice provides a 30-day public comment period on the information collection request being submitted to OMB.
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Key Changes
- Revision of existing OMB Control Number 0608-0009 information collection
- Mandatory quarterly reporting for 2,100 U.S. affiliates per quarter (8,400 annually)
- Average respondent burden remains 1 hour per response with total annual burden of 8,400 hours
+ 3 more changes with Pro
Obligations
What this law requires
Submit quarterly data on transactions and positions between foreign-owned U.S. business enterprises and their affiliated foreign groups using Form BE-605
Report data on foreign direct investment transactions, positions, and income on a quarterly frequency
Comply with mandatory reporting requirements under the International Investment and Trade in Services Survey Act (Pub. L. 94-472, 22 U.S.C. 3101-3108)
Provide information on relationships between U.S. affiliates and their foreign parent groups and foreign affiliates of foreign parents
Complete Form BE-605 with an average burden of approximately 1 hour per quarterly response, with potential variations based on company structure and complexity