The tourism industry has been abuzz with excitement and debate since January 2010 thanks in part to the Obama Administration’s focus on the industry.
The noise started with the passing of the “Tourism Promotion Act” in January followed by the formation of the “Corporation for Tourism Promotion” otherwise known as CTP.
CTP’s formation however was not the end of the government’s focus on the tourism industry. In late February 2010 Representative Sam Farr, a Democrat from California, introduced legislature known as the “TRIP Act HR 4676.”
What is the TRIP Act HR 4676?
If passed, the “TRIP Act HR 4676”, more formally known as “The Travel Regional Investment Partnership Act”, will provide $50 million dollars worth of matching Federal funds to United States destinations. The matching funds are to go towards outreach efforts to entice prospective tourists to vacation in the United States.
Under the proposed “TRIP Act” organizations such as convention and visitor’s centers, would be able to apply for competitive matching grants that range from $1 million dollars down to $100,000 dollars.
Where is the TRIP Act Now?
Those interested in following the movement of the “TRIP Act” through the United States Congress can do so by periodically reviewing either the “Open Congress” website or the “Library of Congress” website under the “Bills and Resolutions” sub-heading.
According to the data provided on “Open Congress” was referred to the “House Committee on Energy and Commerce” on February 24th, 2010. It was then referred to the Senate as “TRIP Act S3225.”
The “TRIP Act S3225” was introduced to the Senate on April 19th, 2010 and its progress can also be followed on either the “Open Congress” or “Library of Congress” websites.
“TRIP Act S3225” was co-sponsored by Senator March Begich (D-AK), Senator Kristin Gillibrand (D-NY), Senator Charles Schumer (D-NY) and Senator Amy Klobucher (D-MD). The TRIP Act bill is currently still “In Committee.”
What Impact is the TRIP Act Expected to Have?
Right now the “TRIP Act” is expected to provide a much needed boost to the tourism industry which has recently seen revenue figures during this current recession that are reminiscent to the Post 9-11 period.
Despite the decline due to decreased discretionary spending among Americans, the tourism industry continues to be an economic powerhouse.
A brief summary of the economic impact the tourism industry has on direct and indirect spending can be found online through tourism industry websites.
Those that have an interest in the tourism industry are encouraged to follow the entire industry buzz and to make their feelings known on the subject to their government representatives.