Description:
As ordered reported by the House Committee on Energy and Commerce on July 15, 2014
H.R. 4450 would extend the provisions of the Travel Promotion Act of 2009 (Public Law 111-145), which established the Corporation for Travel Promotion (also known as Brand USA), through September 30, 2020, and impose new performance and procurement requirements on the corporation. The bill also would extend the authority of U.S. Customs and Border Protection (CBP) to collect travel promotion fees from certain foreign individuals traveling to the United States. Those fees are used to partially fund Brand USA.
CBO estimates that enacting H.R. 4450 would increase direct spending by $500 million and revenues by $731 million over the 2015-2024 period, resulting in a net decrease in the deficit of $231 million over the 10-year period. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues. CBO estimates that implementing H.R. 4450 would not significantly affect discretionary spending.
H.R. 4450 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.
