The Travel Promotion Act has been passed by the U.S. Congress and is expected to become law within 10 days. The Act is designed to create economic growth and thousands of new American jobs by welcoming millions more international travelers to the United States. “This is a historic victory for the U.S. economy and the one in eight American workers whose jobs depend on travel,” said Roger Dow, president and CEO of the U.S. Travel Association.
The Travel Promotion Act establishes a public-private partnership to promote the United States as a premier international travel destination and communicate U.S. security and entry policies. According to analysis by Oxford Economics, the bill is estimated to drive $4 billion in new consumer spending annually, provide $321 million in new federal tax revenue each year and create 40,000 U.S. jobs nationwide. Further, it is expected to reduce the federal budget deficit by $425 million over the next 10 years, according to the Congressional Budget Office.
The Travel Promotion Act is modeled after successful state-level initiatives and is funded through a matching program featuring up to $100 million in private sector contributions and a $10 fee on foreign travelers who do not pay $131 for a visa to enter the United States. The fee is collected once every two years in conjunction with the Department of Homeland Security’s Electronic System for Travel Authorization. No money is provided by U.S. taxpayers. http://www.ustravel.org
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