CARES Act Loan and Payroll Support Programs for Air Carriers and Other Eligible Businesses

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Section 4003 Loan Application Forms	Form	Modified	Available
Payroll Support Application & Agreement (Sections 4112 & 4113)	Form	Unchanged	Repair queued
1505-0263 Justification of Non-Material Change - National Security Loan Application 2020-04-23.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2020-04-23	Available
1505-0263 Justification of Non-Material Change - PSP Agreement 2020-04-14.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2020-04-14	Available
1505-0263 Justification of Non-Material Change - Loan Application 2020-04-08.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2020-04-08	Available
1505-NEW Air Carrier Lending Procedures Requirements 033020 652p.docx	Supplementary Document	Uploaded 2020-03-30	Available
1505-NEW CARES Act Air Program Emergency Request Memo 2020-03-20_Signed.pdf	Supplementary Document	Uploaded 2020-03-30	Available
BILLS-116s3548is.pdf	Supplementary Document	Uploaded 2020-03-30	Available
1505-0263 SS Air Carriers Program 2020-04-14 revision.docx	Supporting Statement A	Uploaded 2020-04-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
241274	Section 4003 Loan Application Forms	Form	Modified
241028	Payroll Support Application & Agreement (Sections 4112 & 4113)	Form	Unchanged

ICR Details

OMB Control No: 1505-0263	ICR Reference No: 202004-1505-006
Status: Historical Active	Previous ICR Reference No: 202004-1505-004
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: 03/30/2020
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/23/2020
	Date Received in OIRA: 04/23/2020
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.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2020	09/30/2020	09/30/2020
Responses	48,000	0	48,000
Time Burden (Hours)	90,000	0	90,000
Cost Burden (Dollars)	0	0	0

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Abstract: The 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: On March 27, 2020, the President signed the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act,” (P.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 Act, among other things, 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, States, and municipalities 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. Section 4003(c) of the Act requires the Department of the Treasury (“Department”) to publish application procedures and minimum requirements for loans, loan guarantees, or other investments under Section 4003(b)(1)-(3) within ten days after enactment. The Act also authorizes the Secretary of the Treasury to provide payments to passenger and cargo air carriers, as well as certain contractors, which shall exclusively be used for the continuation of payment of employee wages, salaries, and benefits. Section 4113 requires the Department to publish streamlined and expedited procedures within five days of enactment of the Act for air carriers and contractors to submit requests for such payroll support. Not later than ten days of enactment of the Act, the Department is required to make initial payments to air carriers and contractors that submit requests approved by the Secretary. Because of the immediate need addressed by these programs and the Act’s urgent deadlines, the Department requests emergency processing for the applications and related reporting under these sections of the Act.

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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
  

Citations for New Statutory Requirements: PL: Pub.L. 116 - 136 4003 Name of Law: Coronavirus Aid, Relief, and Economic Security (CARES) Act

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

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Payroll Support Application & Agreement (Sections 4112 & 4113)	n/a, n/a	Payroll Support Application Form ,   Payroll Support Program Agreement
Section 4003 Loan Application Forms	n/a, n/a	Treasury Loan Application Form for Businesses Critical to Maintaining National Security ,   Treasury Loan Application Form for Air Carriers and Certain Eligible Businesses

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ICR Summary of Burden

table that charts list 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	48,000	48,000	0	0	0	0
Annual Time Burden (Hours)	90,000	90,000	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	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:

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Annual Cost to Federal Government: $0

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? Uncollected

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Common Form ICR:  No

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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: 04/23/2020

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