Quarterly Survey of Foreign Direct Investment in U.S. Under Review
The Commerce Department is inviting comments through Jan. 5, 2015, on the proposed revision of BE-605, Quarterly Survey of Foreign Direct Investment in the United States—Transactions of U.S. Affiliate with Foreign Parent. This is a quarterly report that must be filed within 30 days after the end of each quarter (45 days after the final quarter of the respondent’s fiscal year) by every U.S. business enterprise that is owned 10 percent or more by a foreign investor and that has total assets, sales or gross operating revenues, or net income (positive or negative) of over $60 million. It collects data on transactions and positions between foreign-owned U.S. business enterprises and their affiliated foreign groups (i.e., their foreign parents and foreign affiliates of their foreign parents) that 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.
DOC is proposing several changes to the survey to improve the coverage and quality of direct investment statistics and reduce respondent burden.
- adding a check-box question that asks respondents whether they plan to expand their operation with a new facility
- eliminating several questions related to organizational structure, which were intended to serve as an instruction on how to identify the consolidated U.S. affiliate but will be replaced by an illustration that will provide the necessary guidance and eliminate the burden of answering questions each quarter
- adding questions to obtain the ultimate beneficial owner’s name and country of incorporation when the UBO information changes or it is the company’s initial filing