Q&A: Payroll Support Program Compliance Obligations Updated July 19, 2020

GENERAL DATA COLLECTION QUESTIONS

1. When is the first PSP quarterly report due, and how do I submit it?

Under the PSP Agreement entered into by every Payroll Support Program participant, the 

recipient must file compliance reports with Treasury on a quarterly basis. Recipients with 

a PSP Agreement dated June 30, 2020 or earlier must file their first quarterly report by 

August 14, 2020. Recipients must submit their report through Treasury’s CARES 

Administration Hub (CARES Hub). The CARES Hub can be accessed at 

https://portal.treasury.gov/cares. Access to the CARES Hub will become available on July 

19, 2020. For further information about reporting deadlines, see “Q&A: Payroll Support 

Program Compliance Obligations Updated June 30, 2020,” available at 

https://home.treasury.gov/system/files/136/4112-Compliance-FAQs.pdf.

2. What information do I need to provide in the quarterly PSP report?

The PSP Agreement details the types of information recipients must provide in their 

quarterly reports to Treasury. The CARES Hub covers the reporting requirements in four 

mandatory sections: (1) Headcount and Compensation Information; (2) High-Income 

Employees and Corporate Officers of the Recipient and Its Affiliates; (3) Upload 

Documents; and (4) Certification. Each of these sections is described below. The CARES 

Hub also contains an optional section that allows a recipient to upload additional documents

or information.

Failure to provide timely and accurate information may result in Treasury finding a 

Recipient to be in violation of the PSP Agreement.

The CARES Hub allows a user to save data as the user adds information to the quarterly 

report. The sections do not need to be completed in sequential order. When the report is 

complete and accurate, the user can submit it to Treasury.

A. Headcount and Compensation Information

This section primarily enables data entry, with a document upload feature for Recipients 

to provide additional information. Recipients will manually enter data related to 

changes in Employee headcount, Salaries, Wages, and Benefits paid; use of PSP fund; 

and reductions to Salaries, Wages, and Benefits. If a Recipient reports changes to 

Employee headcount, Salaries, Wages, or Benefits paid, the Recipient is required to

also upload a document providing a more detailed explanation and reasons for the 

change.

B. High-Income Employees and Corporate Officers of the Recipient and Its Affiliates 

This section requires the Recipient to enter the number of Employees whose total 

compensation is subject to restriction under the PSP Agreement. Recipients must also, 

on an annual basis, provide the number of employees that received either Total 

Compensation or Severance Pay and Other Benefits in excess of the restrictions 

imposed by the PSP Agreement.
Q&A: Payroll Support Program Compliance Obligations Updated July 19, 2020

C. Upload Documents

Pursuant to the PSP Agreement, recipients must provide Treasury with documents 

including financial statements and IRS Form 941. Recipients can upload these 

documents or provide a link to financial reports that are filed in the SEC’s Electronic 

Data Gathering, Analysis, and Retrieval system (EDGAR). 

D. Certification

In this section, recipients certify their ongoing compliance with the terms and 

conditions of the PSP Agreement, maintenance of effective internal controls related to 

compliance with PSP Agreement, and the veracity and accuracy of any data, 

documents, or information provided to Treasury. The certification must be signed by 

an authorized representative of the signatory entity (the air carrier or contractor that 

executed the PSP Agreement). The certifications can be signed online by an authorized 

representative, or a signed copy can be uploaded.

Important Information: If the Recipient provides any information in its compliance report 

that it customarily keeps private or closely held, please identify the information on a PDF and 

upload in the CARES Hub.