Selling Ideas Overseas? Uncle Sam Wants the Receipts Quarterly
Published Date: 2/28/2025
Notice
Summary
The BEA is running a mandatory quarterly survey called BE-125 to track how U.S. companies trade services and intellectual property with foreign folks. If your business deals with these kinds of transactions, you’ll need to share info regularly to help understand trade’s impact on the economy. This survey keeps the data fresh and accurate, so expect to report on time and keep those economic numbers buzzing!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Mandatory quarterly reporting for traders
If your business trades services or intellectual property with foreign persons, you must respond to the BE-125 Quarterly Survey. The survey is mandatory and runs on a quarterly schedule, so affected businesses will need to provide information regularly to the Bureau of Economic Analysis.
Data to measure trade and economic impact
The BEA will use data from the BE-125 survey to measure U.S. trade in services and to analyze the impact of U.S. trade on the U.S. and foreign economies. The survey is authorized by the International Investment and Trade in Services Survey Act and supports ongoing economic measurement.
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