The Department of the Treasury is inviting public comments on its plan to collect information related to the CARES Act Loan and Payroll Support Programs for air carriers and other eligible businesses. This request is part of an effort to reduce paperwork and ensure compliance with existing financial assistance agreements under the CARES Act and subsequent laws. The Treasury Department needs to gather feedback on several aspects, including the necessity and practicality of the information collection and ways to reduce the burden on respondents. Comments about this process are accepted until March 31, 2025.
Simple Explanation
The Treasury Department wants to hear what people think about the work needed to follow certain rules for getting help during COVID-19, like loans and payroll support for airlines. They hope to make things easier and want ideas on how to do that, so they are asking people to share their thoughts until the end of March 2025.