Extension without change of a currently approved collection
No
Regular
02/02/2021
Requested
Previously Approved
36 Months From Approved
07/31/2021
90,000
88,600
19,300
19,087
0
0
This survey will provide estimates of
quarterly revenue and other data items from businesses or other
for-profit organizations and not-for-profit institutions, in
several industries. The Bureau of Economic Analysis uses the survey
results as input to its quarterly Gross Domestic Product (GDP) and
GDP by industry estimates. The estimates provide the Federal
Reserve Board and Council of Economic advisors with timely
information to assess current economic performance. The Centers for
Medicare and Medicaid Services use the QSS estimates to develop
hospital-spending estimates for the National Health Expenditure
Accounts. Other government and private stakeholders also benefit
from a better understanding of important cyclical components of our
economy.
The annual reporting burden for
the QSS increased because of a small increase in the number of
annual responses due to improved record keeping on our part.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.