Commerce Conducting Mandatory Survey on US FDI

The Commerce Department’s Bureau of Economic Analysis is conducting a mandatory five-year benchmark survey of U.S. foreign direct investment, Thompson Hine said in an April client alert. U.S. companies must participate in the survey if at least 10% of their voting shares are directly or indirectly owned by a foreign person or company. Responses must be filed to BEA by May 31. The law firm warned that “completing the survey form can be time-intensive” depending on the “level of complexity of foreign ownership and the business’s corporate structure.” BEA will “generally approve reasonable requests for an extension of the filing deadline if requested before May 31.”