ASTA urged the House of Representatives to follow the Senate’s example and to pass H.R. 1424, the Emergency Economic Stabilization Act of 2008. “The current crisis in the financial markets poses considerable challenges to the travel and tourism industry," ASTA said in a statement. "Left unchecked, the crisis could result in a ‘domino effect’ in which access to credit for consumers and businesses alike is severely curtailed. This would make it profoundly difficult for travel industry professionals to secure lines of credit, engage in long-term planning, and grow their business.
“Recognizing what is at stake, ASTA member agents from all across the country have flooded Capitol Hill with an outpouring of grassroots support for immediate federal action to address this crisis," the statement continued. "ASTA congratulates and thanks the Senate for coming together to pass a bipartisan financial markets rescue bill. Particular thanks are due to Senators Obama and McCain for putting partisan differences aside to do the right thing for the American people.”