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[Federal Register Volume 90, Number 17 (Tuesday, January 28, 2025)]
[Notices]
[Pages 8322-8323]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01834]

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DEPARTMENT OF THE TREASURY

Agency Information Collection Activities; Proposed Collection; 
Comment Request; CARES Act Loan and Payroll Support Programs for Air 
Carriers and Other Eligible Businesses

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of information collection; request for comment.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other federal agencies to comment on the proposed 
information collection listed below, in accordance with the Paperwork 
Reduction Act of 1995.

DATES: Written comments must be received on or before March 31, 2025

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to Office of Capital Access, Attention: Alex 
Abawi, Deputy Chief Operating Officer, 1801 L St. NW, Washington, DC 
20036, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from the Office of Capital Access by contacting Wenxia Diao at 
[email protected] or 202-622-0128 or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

[[Page 8323]]

    Title: CARES Act Loan and Payroll Support Programs for Air Carriers 
and Other Eligible Businesses.
    OMB Control Number: 1505-0263.
    Type of Review: Extension of a currently approved collection.
    Description: On March 27, 2020, the President signed the 
``Coronavirus Aid, Relief, and Economic Security Act'' or the ``CARES 
Act'' (Pub. L. 116-136), which provides emergency assistance and health 
care response for individuals, families and businesses affected by the 
COVID-19 pandemic, and provides emergency appropriations to support 
executive branch agency operations during the COVID-19 pandemic. The 
CARES Act authorized 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, States, and 
municipalities related to losses incurred as a result of coronavirus. 
Section 4003(b)(1)-(3) authorized 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. Section 4112 authorized the Secretary to 
provide payroll support totaling $32 billion to air carriers and 
certain contractors (PSP1). While Treasury is no longer accepting loan 
program or PSP1 applications, both programs include ongoing compliance 
reporting and recordkeeping requirements.
    On December 27, 2020, the President signed the Consolidated 
Appropriations Act, 2021 or the ``Appropriations 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 Appropriations Act (the PSP 
Extension Law) authorizes the Secretary to provide financial assistance 
totaling $16 billion to passenger air carriers and certain contractors 
(PSP2).
    On March 11, 2021, the President signed the American Rescue Plan 
Act, 2021, which provided additional emergency assistance and economic 
relief in response to the COVID-19 pandemic. Subtitle C of Title VII of 
the American Rescue Plan Act authorizes the Secretary to provide 
financial assistance totaling $15 billion to passenger air carriers and 
certain contractors that received financial assistance under PSP2 
(PSP3).
    As part of the loan, PSP1, PSP2, and PSP3 agreements, applicants 
will need to maintain records for a period of five years or more, 
depending on the agreement type and period of performance, as well as 
submit quarterly compliance reports and other documentation as 
requested to ensure funding is used in accordance with the agreements, 
aid statutory reporting requirements, and respond to audit requests.
    Form: Applications, Agreements, and associated Forms; Compliance 
Reporting Forms.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 691.
    Frequency of Response: Quarterly; as requested.
    Estimated Total Number of Annual Responses: 2,764.
    Estimated Time per Response: 4.25 hours.
    Estimated Total Annual Burden Hours: 11,747.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. Comments are invited on: (a) whether the collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden of the 
collection of information; (c) ways to enhance the quality, utility, 
and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of technology; and (e) estimates of capital or start-up 
costs and costs of operation, maintenance, and purchase of services 
required to provide information.
    Authority: 44 U.S.C. 3501 et seq.

Alexander Abawi,
Deputy Chief Operating Officer, Office of Capital Access.
[FR Doc. 2025-01834 Filed 1-27-25; 8:45 am]
BILLING CODE 4810-AK-P
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