Private equity firms are subject to new mandatory BEA reporting requirements on US direct investment abroad and foreign direct investment in the US.

The Bureau of Economic Analysis (BEA) of the US Department of Commerce recently modified the reporting requirements for two surveys covering direct investment abroad by US companies and direct investment in the US by foreign companies. As a result of the new rules, US companies will be required to respond to the BE-10 Benchmark Survey of US Direct Investment Abroad and the BE-13 Survey of New Foreign Direct Investment in the US, if applicable, regardless of whether a company receives a direct request from the BEA to complete either survey. Prior to this modification of the rules, domestic businesses were only required to complete the BE-10 or BE-13 report upon direct request by the BEA.