Commerce Conducting Mandatory FDI Survey

The Commerce Department’s Bureau of Economic Analysis recently announced a mandatory quarterly survey of foreign direct investment in the U.S. The agency will collect the data to “measure the size and economic significance of foreign direct investment in the United States and its impact on the U.S. economy,” BEA said. Reporting is mandatory for each U.S. business in which a foreign person has a “direct and/or indirect ownership interest of at least 10 percent of the voting stock in an incorporated business enterprise, or an equivalent interest in an unincorporated business enterprise, and that meets the additional conditions detailed in Form BE-605.” Reports are due to BEA “30 days after the close of each calendar or fiscal quarter, or 45 days if the report is for the final quarter of the financial reporting year.”