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Vol. 60 No. 44 November 6, 2009Aviation Nation returns to Ellis Nov. 1415 By Charles Rama Ellis Public Affairs USAF Photo by Staff Sgt. Kristi MachadoHAMAMATSU, Japan Just as the citizens of Takamatsu,
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FODNEWS stands for Foreign Owned Deposit and Non-Deposit Investment Survey. It is a filing requirement by the U.S. Department of Commerce to collect data on foreign-owned financial assets and liabilities in the United States.
Any U.S. entity that is at least 10% owned, directly or indirectly, by a foreign person or entity and meets certain reporting thresholds is required to file FODNEWS.
FODNEWS can be filled out electronically using the BEA's eFile system. Detailed instructions and guidance on how to fill out the form can be found on the Bureau of Economic Analysis (BEA) website.
The purpose of FODNEWS is to collect information on the foreign ownership of U.S. assets and liabilities, which helps analyze the impact of foreign investment on the U.S. economy and develop economic policies.
FODNEWS requires reporting of various financial data, such as the amount of foreign-owned assets and liabilities, income and expenses related to these investments, and details about the foreign owners themselves.
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