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

Forms and Documents

Document Name	Status
Loan and Payroll Support Applications and Agreements Form and Instruction	Modified
1505-0263 Change Request Justification - PSP2 Application Portal 2021-01-08.docx Justification for No Material/Nonsubstantive Change	2021-01-08
PSP2 Emergency Justification Memo_20210104_Signed.pdf Supplementary Document	2021-01-04
1505-0263 SS - CARES Act Loan and Payroll Support and PSP2 2021-01-05.docx Supporting Statement A	2021-01-06

IC Document Collections

IC ID	Document Title	Status
241274	Compliance Reporting and Recordkeeping Other-Screenshots	Unchanged
241028	Loan and Payroll Support Applications and Agreements Form and Instruction	Modified

ICR Details

OMB Control No: 1505-0263	ICR Reference No: 202101-1505-003
Status: Active	Previous ICR Reference No: 202101-1505-001
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: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 01/06/2021
OIRA Conclusion Action: Approved with change	Conclusion Date: 01/08/2021
	Date Received in OIRA: 01/08/2021
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. This approval includes the PSP2 online application portal in the approval under this OMB control number. Some minor clarifying edits were made to the online application during review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2021	07/31/2021	07/31/2021
Responses	5,000	0	4,430
Time Burden (Hours)	18,770	0	17,660
Cost Burden (Dollars)	0	0	0

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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 CFR 1320, the Department of the Treasury (Treasury) requests emergency processing for the Air Carrier Loan and Payroll Support Programs information collection request. On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (the “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 Act (the PSP Extension Law) authorizes the Secretary of the Treasury to provide payments to passenger air carriers and certain contractors, which shall exclusively be used for the continuation of payment of employee wages, salaries, and benefits. Section 403 of the PSP Extension Law requires Treasury to publish streamlined and expedited procedures, to the maximum extent practicable, within five days of enactment of the PSP Extension Law for passenger air carriers and contractors to submit requests for such payroll support. Treasury is required to make initial payments to passenger air carriers and contractors that submit requests approved by the Secretary within ten days of enactment of the PSP Extension Law. Because of the immediate need addressed by these programs, the essential nature of these programs to Treasury’s mission, and the PSP Extension Law’s urgent deadlines, Treasury requests emergency processing and approval on January 6, 2021 for the applications and related reporting under the PSP Extension Law. 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.

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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: PL: Pub.L. 116 - 260 401-412 Name of Law: Consolidated Appropriations Act, 2021

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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

IC Title	Form No.	Form Name
Loan and Payroll Support Applications and Agreements	N/A, n/a, N/A, N/A	Payroll Support Program Extension Agreement ,   Payroll Support Program Extension (PSP2) Application (Online Portal) ,   Withdrawal Agreement ,   Payroll Support Program Extension (PSP2) Application Form
Compliance Reporting and Recordkeeping

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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	5,000	4,430	570	0	0	0
Annual Time Burden (Hours)	18,770	17,660	1,110	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: The changes to the collection since the previous OMB approval are to include the application and agreement requirements for PSP2 and remove application and agreement requirements for the loan program and PSP1. This adds an estimated 600 new respondents for PSP2 applications and agreements. However, the total burden will decline because Treasury is no longer accepting and processing loan and PSP1 applications and agreements. Treasury previously estimated that it would receive 1,000 responses under those programs. Treasury also updated the cost to respondents to reflect the latest data from the Bureau of Labor Statistics. Treasury estimates that the hours per response and average review time for PSP2 applications and agreements will be the same as the loan program and PSP1. Because PSP2 recipients will submit a single quarterly compliance report for PSP1 and PSP2, compliance reporting and recordkeeping responses and burden will remain unchanged.

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Annual Cost to Federal Government: $9,838,000

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

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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: 01/08/2021

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