Page:United States Statutes at Large Volume 90 Part 2.djvu/593

 PUBLIC LAW 94-472—OCT. 11, 1976 ing and analyzing the United States balance of payments, the employment and taxes of United States parents and affiliates, and the international investment position of the United States; (2) conduct such studies and surveys as may be necessary to prepare reports in a timely manner on specific aspects of international investment which may have significant implications for the economic welfare and national security of the United States; (3) study the adequacy of information, disclosure, and reporting requirements and procedures relating to international investment; recommend necessary improvements in information recording, collection, and retrieval and in statistical analysis and presentation relating to international investment; and report periodically to the Committees on Foreign Relations and Commerce of the Senate and the Committee on International Relations of the House of Representatives on national and international developments with respect to laws and regulations affecting international investment; and (4) publish for the use of the general public and United States Government agencies periodic, regular, and comprehensive statistical information collected pursuant to this subsection and to the benchmark surveys conducted pursuant to subsections (b) and (c). (b) With respect to the United States direct investment abroad and foreign direct investment in the United States, the President shall conduct a comprehensive benchmark survey at least once every five years and, for such purpose, shall, among other things and to the extent he determines necessary and feasible— (1) identify the location, nature, and magnitude of, and changes in total investment by any parent in each of its affiliates and the financial transactions between any parent and each of its affiliates; (2) obtain (A) information on the balance sheet of parents and affiliates and related financial data, (B) income statements, including the ^ o s s sales by primary line of business (with as much product line detail as is necessary and feasible) of parents and affiliates in each country in which they have significant operations, and (C) related information regarding trade between a parent and each of its affiliates and between each parent or affiliate and any other person; (3) collect employment data showing both the number of United States and foreign employees of each parent and affiliate and the levels of compensation, by country, industry, and skill level; (4) obtain information on tax payments by parents and affiliates by country; and (5) determine, by industry and country, the total dollar amount of research and development expenditures by each parent and affiliate, payments or other compensation for the transfer of technology between parents and their affiliates, and payments or other compensation received by parents or affiliates from the transfer of technology to other persons. (c)(1) The President shall conduct a comprehensive benchmark survey of foreign portfolio investment in the United States at least once every five years and, for such purposes, shall (among other things and to the extent he determines necessary and feasible) determine the magnitude and aggregate value of portfolio investment, form of investments, types of investors, nationality of investors and recorded residence of foreign private holders, diversification of holdings by economic sector, and holders of record. (2) In addition to the benchmark surveys conducted pursuant to paragraph (1), the President shall conduct a benchmark survey of

89-194 O—78—pt. 2

38

90 STAT. 2061

Studies and surveys.

Periodic report to congressional committees.

Statistical information, publication. Benchmark survey.

Financial data.

Employment data.

Foreign portfolio investment, benchmark survey.

U.S. portfolio investment abroad, benchmark survey.

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