International Services Surveys: Amendments to the BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons

Summary

The Bureau of Economic Analysis, Department of Commerce, proposes to amend the regulations of the BEA to set forth the reporting requirements for the BE-120 survey, which will include definition changes and the addition of three schedules to better collect data in accordance with new international standards. The proposed rule aims to improve data collection for transactions in selected services and intellectual property with foreign persons.