On July 27, 2017, the U.S. Commerce Department's Bureau of Economic Analysis (“BEA”) published a proposed rule to implement its BE-12 Benchmark Survey of Foreign Direct Investment in the United States. BEA issues this mandatory survey every five years; this round will cover fiscal year 2017 data and will be due in mid-2018. U.S. companies within its scope will be required to respond (regardless of whether they are individually contacted by BEA) and provide certain financial and operating data and information on their foreign ownership. Like other BEA cross-border surveys, the BE-12 may cover foreign private equity funds with U.S. portfolio companies and other U.S. entities with foreign general partners, managing members, or controlling shareholders. Given the broad scope of the potential respondent universe, U.S. and foreign asset managers and companies should take note of the upcoming survey and begin to evaluate the scope of their potential reporting obligations.