The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
6/11/2020 Update on Treasury Implementation of the Payroll Support Program for the Aviation Industry | U.S. Department of the Treasury Update on Treasury Implementation of the Payroll Support Program for the Aviation Industry May 12, 2020 WASHINGTON – Today, the U.S. Department of the Treasury made a number of important announcements on the Payroll Support Program under Title IV of the CARES Act. Since announcing the Payroll Support Program, Treasury has approved over $25 billion in assistance to 352 applicants, suppor ng hundreds of thousands of American jobs. Approved applicants include all of the major passenger air carriers, more than 260 smaller passenger air carriers, and a significant number of cargo air carriers and contractors. Treasury is also announcing new transparency measures for the program. A list of Payroll Support Program par cipants, with amounts of assistance provided and, where applicable, financial instruments provided to the Federal Government as appropriate compensa on for the provision of financial assistance, is available online here. Treasury con nues to work closely with approved applicants to execute the necessary agreements and will update this informa on as addi onal funds are disbursed. “The Payroll Support Program is successfully suppor ng American workers and preserving our vital avia on industry,” said Secretary Steven T. Mnuchin. “Treasury is commi ed to the highest standards of public transparency as we provide this cri cal relief.” For more informa on and Treasury Department updates on program implementa on under the CARES Act, visit www.Treasury.gov/CARES. #### https://home.treasury.gov/news/press-releases/sm1008 1/1
@FedFRASER