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

ICR 202110-1505-001

OMB: 1505-0263

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2021-10-06
Justification for No Material/Nonsubstantive Change
2021-07-20
Justification for No Material/Nonsubstantive Change
2021-05-27
Justification for No Material/Nonsubstantive Change
2021-04-28
Justification for No Material/Nonsubstantive Change
2021-04-12
Justification for No Material/Nonsubstantive Change
2021-04-01
Justification for No Material/Nonsubstantive Change
2021-03-22
Justification for No Material/Nonsubstantive Change
2021-03-10
Justification for No Material/Nonsubstantive Change
2021-03-01
Justification for No Material/Nonsubstantive Change
2021-02-25
Justification for No Material/Nonsubstantive Change
2021-02-03
Justification for No Material/Nonsubstantive Change
2021-01-28
Justification for No Material/Nonsubstantive Change
2021-01-08
Supplementary Document
2021-01-04
Supporting Statement A
2021-01-06
ICR Details
1505-0263 202110-1505-001
Received in OIRA 202107-1505-008
TREAS/DO
CARES Act Loan and Payroll Support Programs for Air Carriers and Other Eligible Businesses
No material or nonsubstantive change to a currently approved collection   No
Emergency
10/06/2021
  Requested Previously Approved
01/31/2022 01/31/2022
5,000 5,000
18,770 18,770
0 0

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.
Due to the unprecedented number of emergency requests from the COVID-19 pandemic, Treasury is requesting an emergency extension of the Payroll Support Program to extend the expiration date by 6 months. Treasury has previously conducted public commenting through a 60-day notice (7/16/2020, 85 FR 43300) and 30-day notice (9/21/2020, 85 FR 59373) and received a three year approval, which was reset by subsequent emergency requests.

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

Not associated with rulemaking

No

  Total Request 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 5,000 0 0 0 0
Annual Time Burden (Hours) 18,770 18,770 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$9,838,000
No
    No
    No
No
No
No
Yes
Molly Stasko 202 622-8922 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
10/06/2021


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