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
Regular
09/15/2023
Requested
Previously Approved
04/30/2025
04/30/2025
2,801
2,801
11,902
11,902
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.
This submission is to renew the OMB approval. The changes to burden since the previous approval are for revising estimates related to PSP applications and agreements. There are no programmatic changes since OMB previously reviewed and approved the collection.
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.