View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1505-0263
ICR Reference No:
202504-1505-003
Status:
Active
Previous ICR Reference No:
202309-1505-001
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:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
06/25/2025
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/28/2025
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
06/30/2028
36 Months From Approved
06/30/2025
Responses
170
0
2,801
Time Burden (Hours)
1,598
0
11,902
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. While Treasury is no longer accepting loan program or Payroll Support Program (PSP) applications, both programs require ongoing compliance reporting for certain participants, as well as recordkeeping. Specifically, as part of the loan, PSP1, PSP2, and PSP3 agreements, applicants were required to maintain records for a period of five years or more, depending on the agreement type and period of performance, as well as submit compliance reports on a quarterly basis to ensure funding is used in accordance with the agreements and aid statutory reporting requirements.
Authorizing Statute(s):
PL:
Pub.L. 116 - 260 401-412
Name of Law: Consolidated Appropriations Act, 2021
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
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
90 FR 8322
01/28/2025
30-day Notice:
Federal Register Citation:
Citation Date:
90 FR 17689
04/28/2025
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
NA, NA, NA, N/A
Q4 2021 Template - 4003 and 4112
,
Q4 2021 Template - 4003 Only
,
Q4 2021 Template - 4112 Only
,
Quarterly Report Closeout Report
Compliance Reporting and Recordkeeping for Compliance Audits
NA, NA, NA, N/A
Q4 2021 Template - 4003 and 4112
,
Q4 2021 Template - 4003 Only
,
Q4 2021 Template - 4112 Only
,
Quarterly Report Closeout Report
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
Withdrawal Agreement
,
Payroll Support Program Extension (PSP2) Application Form
,
Payroll Support Program Extension Agreement
,
Payroll Support Program Extension (PSP2) Application (Online Portal)
,
Payroll Support Program Extension Agreement - Contractors
,
Payroll Support Program Extension Agreement - Air Carriers
,
Payroll Support Program (PSP1) Recall Waiver Form
,
Recertification of PSP1 Sworn Financial Statements
,
Certification of Recall Notice Requirements - Involuntary Furloughs
,
Certification of Recall Notice Requirement - No Involuntary Furloughs
,
Recall Screenshots
,
PSP1 Special Rule
,
Payroll Support Program 3 Agreements
,
PSP1 Award Recertification
,
PSP3 Withdrawal Agreement
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
170
2,801
0
-2,631
0
0
Annual Time Burden (Hours)
1,598
11,902
0
-10,304
0
0
Annual Cost Burden (Dollars)
0
0
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:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
This submission is to renew the OMB approval. The changes to burden since the previous approval update estimates to reflect that applications for the programs are no longer accepted, the expiration of quarterly reporting requirements for most PSP recipients and those section 4003 loan recipients that have repaid their loans in full, as well as to segregate work related to ongoing compliance audits.
Annual Cost to Federal Government:
$2,086,964
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:
Aaron Ferguson 202 230-7051 aaron.ferguson@treasury.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
04/28/2025
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