Notice2022-01807
Agency Information Collection Activities; Proposed Collection; Comment Request; CARES Act Air Carrier Loan and Payroll Support Program
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 28, 2022
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.
Full Text
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<title>Federal Register, Volume 87 Issue 19 (Friday, January 28, 2022)</title>
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[Federal Register Volume 87, Number 19 (Friday, January 28, 2022)]
[Notices]
[Pages 4713-4714]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01807]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Proposed Collection;
Comment Request; CARES Act Air Carrier Loan and Payroll Support Program
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice.
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SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments must be received on or before February 28, 2022.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Molly Stasko by emailing <a href="/cdn-cgi/l/email-protection#96c6c4d7d6e2e4f3f7e5e3e4efb8f1f9e0"><span class="__cf_email__" data-cfemail="c494968584b0b6a1a5b7b1b6bdeaa3abb2">[email protected]</span></a>, calling (202)
622-8922, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Title: CARES Act Air Carrier Loan and Payroll Support Programs.
OMB Control Number: 1505-0263.
Type of Review: Extension of a currently approved collection.
Description: On March 27, 2020, the President signed the
``Coronavirus Aid, Relief, and Economic Security Act'' or the ``CARES
Act'' (Pub. L. 116-136), which provides emergency assistance and health
care response for individuals, families and businesses affected by the
COVID-19 pandemic, and provides emergency appropriations
[[Page 4714]]
to support executive branch agency operations during the COVID-19
pandemic. The CARES Act authorized 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, States, and municipalities related to losses incurred as a
result of coronavirus. Section 4003(b)(1)-(3) authorized 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. Section 4112
authorized the Secretary to provide payroll support totaling $32
billion to air carriers and certain contractors (PSP1). While Treasury
is no longer accepting loan program or PSP1 applications, both programs
include ongoing compliance reporting and recordkeeping requirements.
On December 27, 2020, the President signed the Consolidated
Appropriations Act, 2021 or the ``Appropriations 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 Appropriations Act (the PSP
Extension Law) authorizes the Secretary to provide financial assistance
totaling $16 billion to passenger air carriers and certain contractors
(PSP2).
On March 11, 2021, the President signed the American Rescue Plan
Act, 2021, which provided additional emergency assistance and economic
relief in response to the COVID-19 pandemic. Subtitle C of Title VII of
the American Rescue Plan Act authorizes the Secretary to provide
financial assistance totaling $15 billion to passenger air carriers and
certain contractors that received financial assistance under PSP2
(PSP3).
As part of the loan, PSP1, PSP2, and PSP3 agreements, applicants
will need 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 quarterly to ensure funding is used in
accordance with the agreements and aid statutory reporting
requirements.
Form: Applications, Agreements, and associated Forms; Compliance
Reporting Forms.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 1,300.
Frequency of Response: Quarterly.
Estimated Total Number of Annual Responses: 3,400.
Estimated Time per Response: 4.25 hours.
Estimated Total Annual Burden Hours: 13,070.
Authority: 44 U.S.C. 3501 et seq.
Dated: January 24, 2022.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2022-01807 Filed 1-27-22; 8:45 am]
BILLING CODE 4810-AK-P
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</html>Indexed from Federal Register on January 28, 2022.
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