[Federal Register Volume 85, Number 137 (Thursday, July 16, 2020)]
[Notices]
[Page 43300]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15331]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Proposed Collection; 
Comment Request; CARES Act Loan and Payroll Support Program

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

ACTION: Notice.

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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 collections listed below, in accordance with the Paperwork 
Reduction Act of 1995 (PRA).

DATES: Written comments must be received on or before September 14, 
2020.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to Treasury PRA Clearance Officer, 1750 
Pennsylvania Ave. NW, Suite 8100, Washington, DC 20220, or email at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    Title: CARES Act Loan and Payroll Support Programs.
    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 
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, States, and 
municipalities 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. As part of the loan and payroll support 
agreements, applicants will need to maintain records for a period of 2, 
5, or 10 years, depending on the loan type, as well as submit 
compliance reports quarterly to ensure funding is used in accordance 
with the agreements and aid statutory reporting requirements.
    Forms: Payroll Support Application Form, Payroll Support Program 
Agreement, Supplemental Information for Contractor Applicants, Treasury 
Loan Application Form for Air Carriers and Certain Eligible Businesses, 
Treasury Loan Application Form for Businesses Critical to Maintaining 
National Security, Quarterly and Annual Compliance and Reporting 
Collection.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 1,000 for applications, 1,100 for 
reporting.
    Frequency of Response: Once for applications, Quarterly for 
reporting.
    Estimated Total Number of Annual Responses: 1,000 for applications, 
4,400 for reporting.
    Estimated Time per Response: 2 hours for applications, 4 hours for 
reporting.
    Estimated Total Annual Burden Hours: 2,000 for applications, 17,600 
for reporting.
    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.

    Dated: July 10, 2020.
Lenora Stiles,
Interim Deputy Chief Operating Officer of CARES Operations, Office of 
Management.
[FR Doc. 2020-15331 Filed 7-15-20; 8:45 am]
BILLING CODE 4810-25-P