FACACLASSIC

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

DOC - 5290 - Bureau of Economic Analysis Advisory Committee - Agency Authority

GENERAL INFORMATION

Committee Name	Bureau of Economic Analysis Advisory Committee	Agency Name	Department of Commerce
Fiscal Year	2025	Committee Number	5290
Original Establishment Date	6/1/1999	Committee Status	Terminated
Actual Termination Date	2/28/2025	Committee URL	http://www.bea.gov/about/advisory.htm
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	15
Terminated This FY	Yes	Designated Fed Officer Position Title*	Chief of Staff
Merged This FY		Designated Federal Officer Prefix	Mr.
Current Charter Date	6/4/2023	Designated Federal Officer First Name*	Ryan
Date Of Renewal Charter	6/4/2025	Designated Federal Officer Middle Name
Projected Termination Date		Designated Federal Officer Last Name*	Noonan
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*	(301) 278-9131
Establishment Authority*	Agency Authority	Designated Federal Officer Fax*	301-278-5311
Specific Establishment Authority*	Secretary's Decision Memorandum	Designated Federal Officer Email*	ryan.noonan@bea.gov
Effective Date Of Authority*	6/1/1999
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Non Scientific Program Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Terminate
Legislation to Terminate Required	No
Legislation Status	Not Applicable
How does cmte accomplish its purpose?*	The Committee advised the Director of the Bureau of Economic Analysis (BEA) on matters related to the development and improvement of BEA's national, regional, industry, and international economic accounts. The committee did this by deliberating these issues at its semi-annual meetings.
How is membership balanced?*	The Committee had a balanced membership, by considering such factors as geography, technical expertise, community involvement, and knowledge of programs and/or activities related to BEA ACM. Individuals were selected based on their expertise or experience in specific areas as needed by BEA ACM. The diverse membership of the Committee assured expertise reflecting the full breadth of the Committee’s responsibilities.
How frequent & relevant are cmte mtgs?*	Twice a year.
Why advice can't be obtained elsewhere?*	The Advisory Committee was essential to ensure that the Federal Government’s GDP statistics meet the standards set by leaders in the fields of economics, business research, and business itself—that is, from a range of businesses: from Wall Street firms to economic forecasting firms to data-providing firms to other types of U.S. businesses. There were no other committees that can serve this function.
Why close or partially close meetings?	Not applicable.
Recommendation Remarks	Per EO 14217, the Secretary of Commerce has determined that the purposes for which the Bureau of Economic Analysis Advisory Committee was established have been fulfilled, and the committee has been terminated effective February 28, 2025.

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	Yes
Outcome Trust In Government	Yes	Action Reallocate Resources	Yes
Outcome Major Policy Changes	No	Action Issued New Regulations	No
Outcome Advance In Scientific Research	Yes	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	Yes	Action Other	No
Outcome Increased Customer Satisfaction	Yes	Action Comment	NA
Outcome Implement Laws/Reg Requirements	No	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	NA	Number Of Grants Recommended	0
Cost Savings*	Unable to Determine	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	The BEA Advisory Committee provided expert advice on how BEA can improve the Nation's economic accounts including the Gross Domestic Product. It sought to help the BEA Director understand the technical needs of users in order to make the statistics more relevant and useful. The Advisory Committee understood the resource constraints of BEA and made its recommendations with these considerations in mind.	Grants Review Comment	NA
Number Of Recommendations*	0	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	No formal recommendations were made. The BEA Advisory Committee met normally in session two times a year. BEA leadership generally presented 5 to 10 major methodological issues to the Committee each meeting and works to build consensus among members. The Committee reviewed the change and provided advice in a public forum. Once consensus was achieved through discussion, BEA moved forward on the change.	Access Agency Website	Yes
% of Recs Fully Implemented*	100.00%	Access Committee Website	Yes
% of Recs Fully Implemented Comment	BEA worked to implement the informal recommendations made by the BEA Advisory Committee when feasible.	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	0.00%	Access Publications	Yes
% of Recs Partially Implemented Comment	BEA worked to implement the informal recommendations made by the BEA Advisory Committee.	Access Other	No
Agency Feedback*	Yes	Access Comment	All BEA Advisory Committee meetings were announced in the Federal Register and were open to the public.
Agency Feedback Comment*	At regular Committee meetings, the agency provided feedback to members through the presentation of research or discussion papers, and the principal agency contacts, summarized developments or changes implemented in programs considered by the Committee at earlier meetings. You can find feedback at https://www.bea.gov/beaacm.	Narrative Description*	The BEA Advisory Committee was a blue-ribbon panel of about 15 members that advised the Director of BEA on matters related to the development and improvement of BEA’s national, regional, industry, and international economic accounts in order to help the organization meet its mission to promote a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic accounts data in an objective and cost-effective manner.

COSTS

1. Payments to Non-Federal Members*	$0.00	1. Est Paymnts to Non-Fed Membrs Nxt FY*	$0.00
2. Payments to Federal Members*	$0.00	2. Est. Payments to Fed Members Next FY*	$0.00
3. Payments to Federal Staff*	$70,000.00	3. Estimated Payments to Federal Staff*	$0.00
4. Payments to Consultants*	$0.00	4. Est. Payments to Consultants Next FY*	$0.00
5. Travel Reimb. For Non-Federal Membrs*	$4,500.00	5. Est Travel Reimb Non-Fed Membr nxtFY*	$0.00
6. Travel Reimb. For Federal Members*	$0.00	6. Est Travel Reimb For Fed Members*	$0.00
7. Travel Reimb. For Federal Staff*	$1,500.00	7. Est. Travel Reimb to Fed Staf Nxt FY*	$0.00
8. Travel Reimb. For Consultants*	$0.00	8. Est Travel Reimb to Consltnts Nxt FY*	$0.00
10. Other Costs	$500.00	10. Est. Other Costs Next FY*	$0.00
11. Total Costs	$76,500.00	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	4/9/2025 8:22 AM	Est. Fed Staff Support Next FY*	0.00
Federal Staff Support (FTE)*	0.50	Est Cost Remarks	No costs incurred due to committee termination on Feb. 28, 2025.
Cost Remarks	Other costs included materials for the meeting. BEA did not hold the second meeting - it was cancelled for this FY due to termination. The costs represent Oct 1, 2024 - Feb. 28, 2025.

Interest Areas

Category Area Applied Science Statistics Business Industry Small Business Health Health Care Trade Exports and Imports

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