CBO Says Reauthorizing Brand USA Will Cut Deficit by $231 Million

The U.S. Travel Association today welcomed analysis from the non-partisan Congressional Budget Office showing that H.R. 4450, the Travel Promotion, Enhancement, and Modernization Act of 2014, will, if enacted, reduce the U.S. federal deficit by $231 million over 10 years.

H.R. 4450 reauthorizes Brand USA, the non-profit, public-private partnership dedicated to increasing inbound international travel to the United States. The House of Representatives is scheduled to vote on the bill on Tuesday.

"Brand USA works for America by attracting millions of new visitors and the dollars they bring to destinations across the country," said Roger Dow, president and CEO, U.S. Travel Association. "What's remarkable is Brand USA does not cost federal taxpayers a dime, and it actually reduces the deficit – all while delivering jobs and economic opportunity to America's communities."

H.R. 4450 is sponsored by more than a third of the House of Representatives, and almost equal numbers of Republicans and Democrats. A Senate companion bill, S. 2250, is sponsored by more than a quarter of that chamber.

The U.S. Travel Association is a national, non-profit organization representing all components of the travel industry that generates $2.1 trillion in economic output and supports 14.9 million jobs.