Justification for Emergency Processing - PSP 2

DEPARTMENT OF THE TREASURY
WASHINGTON, D.C.

TO:

Alex Goodenough, Office of Information and Regulatory Affairs

FROM:

Ryan Law
Deputy Assistant Secretary
Office of Privacy, Transparency, and Records

SUBJECT:

Justification for Emergency Processing: Air Carrier Loan and Payroll Support
Programs, 1505-0263

Digitally signed
by Ryan A. Law
Date: 2021.01.04
10:33:20 -05'00'

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.