View Information Collection Request (ICR) Package

OMB Control No: 1505-0263	ICR Reference No: 202101-1505-008
Status: Historical Active	Previous ICR Reference No: 202101-1505-003
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: CARES Act Loan and Payroll Support Programs for Air Carriers and Other Eligible Businesses
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR: No
Type of Review Request: Emergency	Approval Requested By: 01/06/2021
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/28/2021
	Date Received in OIRA: 01/28/2021
Terms of Clearance: OMB is approving the revision to the existing collection as a non-sub change due to the recent emergency approval of the collection.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2021	07/31/2021	07/31/2021
Responses	5,000	0	5,000
Time Burden (Hours)	18,770	0	18,770
Cost Burden (Dollars)	0	0	0

Abstract: The CARES Act authorizes the Secretary of the Treasury to make loans, loan guarantees, and other investments that do not exceed $500 billion in the aggregate to provide liquidity to eligible businesses related to losses incurred as a result of coronavirus. Section 4003(b)(1)-(3) authorizes the Secretary to make loans and loan guarantees available to passenger air carriers and cargo air carriers, as well as certain related businesses, and businesses critical to maintaining national security.

Emergency Justfication: Pursuant to the Office of Management and Budget (OMB) procedures established at 5 CFR 1320, the Department of the Treasury (Treasury) requests emergency processing for the Air Carrier Loan and Payroll Support Programs information collection request. On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (the “Act”), which provides additional emergency assistance and health care response for individuals, families and businesses affected by the COVID-19 pandemic. Subtitle A of Title IV of Division N of the Act (the PSP Extension Law) authorizes the Secretary of the Treasury to provide payments to passenger air carriers and certain contractors, which shall exclusively be used for the continuation of payment of employee wages, salaries, and benefits. Section 403 of the PSP Extension Law requires Treasury to publish streamlined and expedited procedures, to the maximum extent practicable, within five days of enactment of the PSP Extension Law for passenger air carriers and contractors to submit requests for such payroll support. Treasury is required to make initial payments to passenger air carriers and contractors that submit requests approved by the Secretary within ten days of enactment of the PSP Extension Law. Because of the immediate need addressed by these programs, the essential nature of these programs to Treasury’s mission, and the PSP Extension Law’s urgent deadlines, Treasury requests emergency processing and approval on January 6, 2021 for the applications and related reporting under the PSP Extension Law. Given the inability to seek public comment during such a short timeframe, Treasury requests a waiver from the requirement to publish notice in the Federal Register seeking public comment.

Authorizing Statute(s): PL: Pub.L. 116 - 136 4112-4113 Name of Law: Coronavirus Aid, Relief, and Economic Security (CARES) Act
   PL: Pub.L. 116 - 136 4003 Name of Law: Coronavirus Aid, Relief, and Economic Security (CARES) Act
   PL: Pub.L. 116 - 260 401-412 Name of Law: Consolidated Appropriations Act, 2021

Citations for New Statutory Requirements: PL: Pub.L. 116 - 260 401-412 Name of Law: Consolidated Appropriations Act, 2021

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Compliance Reporting and Recordkeeping
Loan and Payroll Support Applications and Agreements	N/A, n/a, N/A, N/A, N/A, N/A, N/A	, , , , , ,

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	5,000	5,000
Annual Time Burden (Hours)	18,770	18,770
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $9,838,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Yes

Agency Contact: Molly Stasko 202 622-8922 molly.stasko@treasury.gov

View ICR - OIRA Conclusion