Notice2025-01834
Agency Information Collection Activities; Proposed Collection; Comment Request; CARES Act Loan and Payroll Support Programs for Air Carriers and Other Eligible Businesses
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, 2025
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on the proposed information collection listed below, in accordance with the Paperwork Reduction Act of 1995.
Full Text
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<title>Federal Register, Volume 90 Issue 17 (Tuesday, January 28, 2025)</title>
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[Federal Register Volume 90, Number 17 (Tuesday, January 28, 2025)]
[Notices]
[Pages 8322-8323]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-01834]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Proposed Collection;
Comment Request; CARES Act Loan and Payroll Support Programs for Air
Carriers and Other Eligible Businesses
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of information collection; request for comment.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other federal agencies to comment on the proposed
information collection listed below, in accordance with the Paperwork
Reduction Act of 1995.
DATES: Written comments must be received on or before March 31, 2025
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestions for
reducing the burden, to Office of Capital Access, Attention: Alex
Abawi, Deputy Chief Operating Officer, 1801 L St. NW, Washington, DC
20036, or email at <a href="/cdn-cgi/l/email-protection#90d3d1c2d5c3d1f3e4d3fffde0fcf9f1fef3f5d0e4e2f5f1e3e5e2e9bef7ffe6"><span class="__cf_email__" data-cfemail="d99a988b9c8a98baad9ab6b4a9b5b0b8b7babc99adabbcb8aaacaba0f7beb6af">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from the Office of Capital Access by contacting Wenxia Diao at
<a href="/cdn-cgi/l/email-protection#d582b0bbadbcb4fb91bcb4ba95a1a7b0b4a6a0a7acfbb2baa3"><span class="__cf_email__" data-cfemail="590e3c37213038771d303836192d2b3c382a2c2b20773e362f">[email protected]</span></a> or 202-622-0128 or viewing the entire
information collection request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
[[Page 8323]]
Title: CARES Act Loan and Payroll Support Programs for Air Carriers
and Other Eligible Businesses.
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 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 quarterly compliance reports and other documentation as
requested to ensure funding is used in accordance with the agreements,
aid statutory reporting requirements, and respond to audit requests.
Form: Applications, Agreements, and associated Forms; Compliance
Reporting Forms.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 691.
Frequency of Response: Quarterly; as requested.
Estimated Total Number of Annual Responses: 2,764.
Estimated Time per Response: 4.25 hours.
Estimated Total Annual Burden Hours: 11,747.
Request for Comments: Comments submitted in response to this notice
will be summarized and included in the request for Office of Management
and Budget approval. All comments will become a matter of public
record. Comments are invited on: (a) whether the collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information shall have practical
utility; (b) the accuracy of the agency's estimate of the burden of the
collection of information; (c) ways to enhance the quality, utility,
and clarity of the information to be collected; (d) ways to minimize
the burden of the collection of information on respondents, including
through the use of technology; and (e) estimates of capital or start-up
costs and costs of operation, maintenance, and purchase of services
required to provide information.
Authority: 44 U.S.C. 3501 et seq.
Alexander Abawi,
Deputy Chief Operating Officer, Office of Capital Access.
[FR Doc. 2025-01834 Filed 1-27-25; 8:45 am]
BILLING CODE 4810-AK-P
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