Search Results for citation:"90 FR 10883"

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Search Results: citation:"90 FR 10883"

  • Type:Notice
    Citation:90 FR 10883
    Reading Time:about 3 minutes

    The Bureau of Economic Analysis (BEA), part of the Department of Commerce, has announced the requirement for U.S. businesses to participate in a mandatory survey known as the BE-577, which collects data on U.S. direct investment abroad. This survey assesses the financial interactions and investment positions between U.S. parent companies and their foreign affiliates. Companies that hold a significant ownership stake in foreign enterprises will be individually contacted by the BEA to submit their reports, which are due 30 to 45 days after each financial quarter. This initiative is authorized by the International Investment and Trade in Services Survey Act, and reporting instructions are available on the BEA's website.

    Simple Explanation

    The U.S. government wants to know how much money American businesses invest in other countries, so they ask these businesses to fill out a special form every three months. This helps them understand how these investments affect people both in America and in other countries.

  • Type:Notice
    Citation:90 FR 10883
    Reading Time:about 3 minutes

    The Bureau of Economic Analysis (BEA), part of the Department of Commerce, has issued a notice regarding the mandatory Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (BE-125). This survey collects data to measure the U.S.'s trade in services and its impact on the economy. U.S. individuals or organizations meeting certain sales or purchase thresholds with foreign persons are required to report. The survey must be submitted within 30 days after each fiscal quarter ends, except for the final quarter, which has a 45-day deadline. The survey process is approved by the Office of Management and Budget under control number 0608-0067.

    Simple Explanation

    The Bureau of Economic Analysis wants to know about how certain businesses in the U.S. trade services with people from other countries, so they ask these businesses to fill out a special form every few months to help them understand this trade better. If a business sells or buys enough services or intellectual things like music or inventions from or to other countries, they have to tell the BEA by filling out the form.