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OMB Control No: 1505-0263	ICR Reference No: 202111-1505-004
Status: Historical Active	Previous ICR Reference No: 202110-1505-001
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: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Emergency	Approval Requested By: 11/19/2021
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/22/2021
	Date Received in OIRA: 11/19/2021
Terms of Clearance: Burden change clarified during OMB review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2022	6 Months From Approved	01/31/2022
Responses	3,400	0	5,000
Time Burden (Hours)	13,070	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 C.F.R. § 1320.13, the Department of the Treasury (Treasury) requests emergency processing for Payroll Support Program (PSP or 4112) and 4003 Loan Program (4003) Quarterly Template Edits, revising OMB Control Number 1505-0263. On March 20, 2020, the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act) was signed into law, and established the Payroll Support Program, under Division A, Title IV, Subtitle B, and the 4003 Loan Program, under Division A, Title IV, Subtitle A. The Payroll Support Program provides payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. The 4003 Loan Program provides up to $25 billion for loans and loan guarantees to passenger air carriers, repair station operators certified under 14 CFR part 145, and ticket agents; up to $4 billion for loans and loan guarantees to cargo air carriers; and up to $17 billion for loans and loan guarantees to businesses critical to maintaining national security. Treasury has conducted quarterly compliance checks of the Payroll Support Program since the second calendar year quarter of 2020 and the 4003 Loan Program since the fourth calendar year quarter of 2020 through the submission of quarterly compliance templates in Treasury’s portal. The PSP and 4003 programs, in coordination with policy and ORP leadership, recommend 9 new questions to be added into the third quarter 2021 quarterly compliance templates. The new questions Treasury would like to add address issues with reporting fundamental changes of a recipient’s structure, swapped collateral, and impaired collateral during the reporting quarter. Due to the need to provide guidance to recipients so they can gather the necessary information needed to be reported through the Treasury interim reporting portal once it opens, Treasury requests emergency processing and approval by November 19, 2021 of the Quarterly Template Edits. 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, N/A, N/A, N/A, N/A, n/a, n/a, n/a, n/a	, , , , , , , , , , , , , ,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	3,400	5,000	0	-1,600
Annual Time Burden (Hours)	13,070	18,770	700	-6,400
Annual Cost Burden (Dollars)	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The changes to the collection since the previous OMB approval are to include additional questions for Quarter 3 2021 reporting. The additional questions focus on fundamental changes to a recipient’s structure, swapped collateral, and impaired collateral during the report quarter and will increase the burden per response by 15 minutes and the total burden hours by 700 hours. The number of annual responses has decreased by 1,600 and 6,400 hours based on better estimates on the number received. In net these changes will decrease the burden hours by 5700 hours.

Annual Cost to Federal Government: $6,643,355

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

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