The Department of the Treasury is requesting public comments on its information collection activities related to the Air Carrier Loan and Payroll Support Programs. These programs were established to provide financial assistance during the COVID-19 pandemic under several laws, including the CARES Act and the American Rescue Plan Act. Although new applications are no longer being accepted, participants must continue to submit quarterly compliance reports and maintain records for a minimum of five years. The deadline for submitting comments is May 28, 2025.
Simple Explanation
The Department of the Treasury wants people to share their thoughts about how airlines that got financial help during COVID-19 are reporting back. Even though they're not taking new applications, airlines still need to tell how they're using the money.