BEA Reporting Requirements for US Direct Investment Abroad and New Foreign Direct Investment in the United States | White & Case LLP International Law Firm, Global Law Practice

BEA Reporting Requirements for US Direct Investment Abroad and New Foreign Direct Investment in the United States

The US Department of Commerce's Bureau of Economic Analysis (BEA) has announced changes to the reporting requirements for the 2014 BE-10 Benchmark Survey of US Direct Investment Abroad and the BE-13 Survey of New Foreign Direct Investment in the United States. Most notably, unlike previous surveys, those subject to the applicable reporting requirements must respond whether or not they are contacted by BEA. As a result of this change, US domestic business enterprises (including corporations, hedge funds and investment managers) need to be aware of these reporting requirements, as they may not receive a BEA request as they have in the past. Failure to submit the BE-10 or BE-13 report could result in civil penalties, and willful failures to report could result in criminal penalties.

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