The Department of Commerce, through the Census Bureau, is seeking public feedback on its plan to continue the Quarterly Financial Report (QFR) program. This program collects data on the financial status of U.S. corporations, targeting those in manufacturing, mining, and several other sectors. The collected information is crucial for economic analysis and requires the involvement of businesses with significant assets. Comments on the proposed information collection, which aims to minimize the burden on respondents, can be submitted until March 26, 2021.
Simple Explanation
The Department of Commerce is asking people to share their thoughts about a report that checks how well certain big companies in the U.S. are doing with their money. They want to make sure it isn’t too difficult for businesses to fill out this report, and people have until March 26, 2021, to say what they think.