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

Forms and Documents

Document	Type	Status	Availability
Loan and Payroll Support Applications and Agreements	Form and Instruction	Unchanged	Repair queued
Emergency Justification Memo - PSP4003 Q3 2021_11.18_signed.pdf	Supplementary Document	Uploaded 2021-11-19	Repair queued
1505-0263 Change Request Justification - PSP3 Withdrawals.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-10-06	Repair queued
1505-0263 Change Request Justification - Executive Comp reporting_FINAL.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-07-20	Repair queued
1505-0263 Change Request Justification - Q1 2021 reporting.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-05-27	Repair queued
1505-0263 Change Request Justification - PSP Award Certification_Final -4-28-21.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-04-28	Repair queued
1505-0263 Change Request Justification - PSP3 Agreement_FINAL.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-04-12	Repair queued
1505-0263 Change Request Justification - PSP2 Caterer Recertification.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-04-01	Repair queued
1505-0263 Change Request Justification - Q4 Compliance Reporting - 4003 and 4112-4003.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-03-22	Repair queued
1505-0263 Change Request Justification - PSP2 Recall Portal Version.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-03-10	Repair queued
1505-0263 Change Request Justification - PSP2 Certification of Recall Notice Form.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-03-01	Repair queued
1505-0263 Change Request Justification - Q4 Compliance Reporting.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-02-25	Repair queued
1505-0263 Change Request Justification - PSP2 Recertification Form.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-02-03	Repair queued
1505-0263 Change Request Justification - PSP2 Waiver Form.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-01-28	Repair queued
1505-0263 Change Request Justification - PSP2 Application Portal 2021-01-08.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-01-08	Repair queued
PSP2 Emergency Justification Memo_20210104_Signed.pdf	Supplementary Document	Uploaded 2021-01-04	Missing upstream
Supporting Statement - CARES Act Loan and Payroll Support and PSP2 and PSP3_Final.docx	Supporting Statement A	Uploaded 2021-11-19	Repair queued

IC Document Collections

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

ICR Details

OMB Control No: 1505-0263	ICR Reference No: 202111-1505-004
Status: Received in OIRA	Previous ICR Reference No: 202110-1505-001
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: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/19/2021
Date Submitted to OIRA: 11/19/2021

	Requested	Previously Approved
Expiration Date	6 Months From Approved	01/31/2022
Responses	3,400	5,000
Time Burden (Hours)	13,070	18,770
Cost Burden (Dollars)	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 C.F.R. § 1320.13, the Department of the Treasury (Treasury) requests emergency processing for Payroll Support Program (PSP or 4112) and 4003 Loan Program (4003) Quarterly Template Edits, revising OMB Control Number 1505-0263. On March 20, 2020, the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act) was signed into law, and established the Payroll Support Program, under Division A, Title IV, Subtitle B, and the 4003 Loan Program, under Division A, Title IV, Subtitle A. The Payroll Support Program provides payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. The 4003 Loan Program provides up to $25 billion for loans and loan guarantees to passenger air carriers, repair station operators certified under 14 CFR part 145, and ticket agents; up to $4 billion for loans and loan guarantees to cargo air carriers; and up to $17 billion for loans and loan guarantees to businesses critical to maintaining national security. Treasury has conducted quarterly compliance checks of the Payroll Support Program since the second calendar year quarter of 2020 and the 4003 Loan Program since the fourth calendar year quarter of 2020 through the submission of quarterly compliance templates in Treasury’s portal. The PSP and 4003 programs, in coordination with policy and ORP leadership, recommend 9 new questions to be added into the third quarter 2021 quarterly compliance templates. The new questions Treasury would like to add address issues with reporting fundamental changes of a recipient’s structure, swapped collateral, and impaired collateral during the reporting quarter. Due to the need to provide guidance to recipients so they can gather the necessary information needed to be reported through the Treasury interim reporting portal once it opens, Treasury requests emergency processing and approval by November 19, 2021 of the Quarterly Template Edits. 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 - 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
  

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
Compliance Reporting and Recordkeeping
Loan and Payroll Support Applications and Agreements	n/a, n/a, n/a, n/a, n/a, N/A, n/a, N/A, N/A, N/A, N/A, N/A, N/A, N/A, N/A	Withdrawal Agreement ,   Payroll Support Program Extension (PSP2) Application Form ,   Payroll Support Program Extension Agreement ,   Payroll Support Program Extension (PSP2) Application (Online Portal) ,   Payroll Support Program Extension Agreement - Contractors ,   Payroll Support Program Extension Agreement - Air Carriers ,   Payroll Support Program (PSP1) Recall Waiver Form ,   Recertification of PSP1 Sworn Financial Statements ,   Certification of Recall Notice Requirements - Involuntary Furloughs ,   Certification of Recall Notice Requirement - No Involuntary Furloughs ,   Recall Screenshots ,   PSP1 Special Rule ,   Payroll Support Program 3 Agreements ,   PSP1 Award Recertification ,   PSP3 Withdrawal Agreement

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ICR Summary of Burden

	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	3,400	5,000	0	0	-1,600	0
Annual Time Burden (Hours)	13,070	18,770	0	-5,700	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: Yes

Burden Reduction Due to: Changing Forms

Short Statement: The changes to the collection since the previous OMB approval are to include additional questions for Quarter 3 2021 reporting. The additional questions focus on fundamental changes to a recipient’s structure, swapped collateral, and impaired collateral during the report quarter and will increase the burden hours by 5700 hours.

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Annual Cost to Federal Government: $6,643,355

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: 11/19/2021

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