The Department of Commerce plans to submit a request to the Office of Management and Budget (OMB) for approval to collect information through the Quarterly Survey of Foreign Direct Investment in the United States (Form BE-605). This survey gathers data from U.S. businesses with foreign ownership to measure and analyze foreign direct investment. The collected data, which businesses are required to provide quarterly, help determine the impact of foreign investments on the U.S. economy. Public comments on this information collection are welcome for an additional 30 days via the website www.reginfo.gov.
Simple Explanation
The government is asking businesses in the U.S. that are owned by people from other countries to fill out a survey every three months. This survey helps them understand how these foreign investments affect the country's economy.