•HRES 806 EH 
(C) ANNUAL AUDITS.—The Corporation shall 
engage an independent accounting firm to conduct 
an annual financial audit of the Corporation’s oper-
ations and shall publish the results of the audit. 
The Comptroller General of the United States may 
review any audit of a financial statement conducted 
under this paragraph by an independent accounting 
firm and may audit the Corporation’s operations at 
the discretion of the Comptroller General. The 
Comptroller General and the Congress shall have 
full and complete access to the books and records 
of the Corporation. 
(D) PROGRAM
AUDITS.—Not later than 2 
years after the date of enactment of this section, 
the Comptroller General shall conduct a review of 
the programmatic activities of the Corporation for 
Travel Promotion. This report shall be provided to 
appropriate congressional committees. 
(c) ACCOUNTABILITY MEASURES.— 
(1) OBJECTIVES.—The Board shall establish annual 
objectives for the Corporation for each fiscal year subject 
to approval by the Secretary of Commerce (after con-
sultation with the Secretary of Homeland Security and 
the Secretary of State). The Corporation shall establish 
a marketing plan for each fiscal year not less than 60
•HRES 806 EH 
days before the beginning of that year and provide a 
copy of the plan, and any revisions thereof, to the Sec-
retary. 
(2) BUDGET.—The board shall transmit a copy of 
the Corporation’s budget for the forthcoming fiscal year 
to the Secretary not less than 60 days before the begin-
ning of each fiscal year, together with an explanation of 
any expenditure provided for by the budget in excess of 
$5,000,000 for the fiscal year. The Corporation shall 
make a copy of the budget and the explanation available 
to the public and shall provide public access to the budg-
et and explanation on the Corporation’s website. 
(3) ANNUAL REPORT TO CONGRESS.—The Corpora-
tion shall submit an annual report for the preceding fis-
cal year to the Secretary of Commerce for transmittal to 
the Congress on or before the 15th day of May of each 
year. The report shall include— 
(A) a comprehensive and detailed report of the 
Corporation’s operations, activities, financial condi-
tion, and accomplishments under this section; 
(B) a comprehensive and detailed inventory of 
amounts obligated or expended by the Corporation 
during the preceding fiscal year; 
(C) a detailed description of each in-kind con-
tribution, its fair market value, the individual or or-
•HRES 806 EH 
ganization responsible for contributing, its specific 
use, and a justification for its use within the con-
text of the Corporation’s mission; 
(D) an objective and quantifiable measurement 
of its progress, on an objective-by-objective basis, in 
meeting the objectives established by the board; 
(E) an explanation of the reason for any fail-
ure to achieve an objective established by the board 
and any revisions or alterations to the Corporation’s 
objectives under paragraph (1); 
(F) a comprehensive and detailed report of the 
Corporation’s operations and activities to promote 
tourism in rural and urban areas; and 
(G) such recommendations as the Corporation 
deems appropriate. 
(4) LIMITATION ON USE OF FUNDS.—Amounts de-
posited in the Fund may not be used for any purpose 
inconsistent with carrying out the objectives, budget, and 
report described in this subsection. 
(d) MATCHING PUBLIC AND PRIVATE FUNDING.— 
(1) 
ESTABLISHMENT
OF
TRAVEL
PROMOTION 
FUND.—There is hereby established in the Treasury a 
fund which shall be known as the Travel Promotion 
Fund. 
(2) FUNDING.—
•HRES 806 EH 
(A) START-UP
EXPENSES.—For fiscal year 
2010, the Secretary of the Treasury shall make 
available to the Corporation such sums as may be 
necessary, but not to exceed $10,000,000, from 
amounts deposited in the general fund of the Treas-
ury from fees under section 217(h)(3)(B)(i)(I) of 
the Immigration and Nationality Act (8 U.S.C. 
1187(h)(3)(B)(i)(I)) to cover the Corporation’s ini-
tial expenses and activities under this section. 
Transfers shall be made at least quarterly, begin-
ning on January 1, 2010, on the basis of estimates 
by the Secretary, and proper adjustments shall be 
made in amounts subsequently transferred to the 
extent prior estimates were in excess or less than 
the amounts required to be transferred. 
(B) SUBSEQUENT YEARS.—For each of fiscal 
years 2011 through 2014, from amounts deposited 
in the general fund of the Treasury during the pre-
ceding 
fiscal 
year 
from 
fees 
under 
section 
217(h)(3)(B)(i)(I) of the Immigration and Nation-
ality Act (8 U.S.C. 1187(h)(B)(i)(I)), the Secretary 
of the Treasury shall transfer not more than 
$100,000,000 to the Fund, which shall be made 
available to the Corporation, subject to paragraph 
(3) of this subsection, to carry out its functions
•HRES 806 EH 
under this section. Transfers shall be made at least 
quarterly on the basis of estimates by the Secretary, 
and proper adjustments shall be made in amounts 
subsequently transferred to the extent prior esti-
mates were in excess or less than the amounts re-
quired to be transferred. 
(3) MATCHING REQUIREMENT.— 
(A) IN GENERAL.—No amounts may be made 
available to the Corporation under this subsection 
after fiscal year 2010, except to the extent that— 
(i) for fiscal year 2011, the Corporation 
provides matching amounts from non-Federal 
sources equal in the aggregate to 50 percent or 
more of the amount transferred to the Fund 
under paragraph (2); and 
(ii) for any fiscal year after fiscal year 
2011, the Corporation provides matching 
amounts from non-Federal sources equal in the 
aggregate to 100 percent of the amount trans-
ferred to the Fund under paragraph (2) for the 
fiscal year. 
(B) GOODS AND SERVICES.—For the purpose 
of determining the amount received from non-Fed-
eral sources by the Corporation, other than 
money—
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(i) the fair market value of goods and 
services (including advertising) contributed to 
the Corporation for use under this section may 
be included in the determination; but 
(ii) the fair market value of such goods 
and services may not account for more than 80 
percent of the matching requirement under 
subparagraph (A) for the Corporation in any 
fiscal year. 
(C) RIGHT
OF
REFUSAL.—The Corporation 
may decline to accept any contribution in-kind that 
it determines to be inappropriate, not useful, or 
commercially worthless. 
(D) LIMITATION.—The Corporation may not 
obligate or expend funds in excess of the total 
amount received by the Corporation for a fiscal year 
from Federal and non-Federal sources. 
(4) CARRYFORWARD.— 
(A) FEDERAL
FUNDS.—Amounts transferred 
to the Fund under paragraph (2)(B) shall remain 
available until expended. 
(B) MATCHING FUNDS.—Any amount received 
by the Corporation from non-Federal sources in fis-
cal year 2010, 2011, 2012, 2013, or 2014 that can-
not be used to meet the matching requirement
•HRES 806 EH 
under paragraph (3)(A) for the fiscal year in which 
amount was collected may be carried forward and 
treated as having been received in the succeeding 
fiscal year for purposes of meeting the matching re-
quirement of paragraph (3)(A) in such succeeding 
fiscal year. 
(e) 
TRAVEL
PROMOTION
FUND
FEES.—Section 
217(h)(3)(B) of the Immigration and Nationality Act (8 
U.S.C. 1187(h)(3)(B)) is amended to read as follows: 
‘‘(B) FEES.— 
‘‘(i) IN
GENERAL.—No later than 6 
months after the date of enactment of the 
Travel Promotion Act of 2009, the Secretary 
of Homeland Security shall establish a fee for 
the use of the System and begin assessment 
and collection of that fee. The initial fee shall 
be the sum of— 
‘‘(I) $10 per travel authorization; and 
‘‘(II) an amount that will at least en-
sure recovery of the full costs of providing 
and administering the System, as deter-
mined by the Secretary. 
‘‘(ii) DISPOSITION
OF
AMOUNTS
COL-
LECTED.—Amounts 
collected 
under 
clause 
(i)(I) shall be credited to the Travel Promotion
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Fund established by subsection (d) of section 
11 of the Travel Promotion Act of 2009. 
Amounts collected under clause (i)(II) shall be 
transferred to the general fund of the Treasury 
and made available to pay the costs incurred to 
administer the System. 
‘‘(iii) SUNSET
OF
TRAVEL
PROMOTION 
FUND FEE.—The Secretary may not collect the 
fee authorized by clause (i)(I) for fiscal years 
beginning after September 30, 2014.’’. 
(f) ASSESSMENT AUTHORITY.— 
(1) IN GENERAL.—Except as otherwise provided in 
this subsection, the Corporation may impose an annual 
assessment on United States members of the inter-
national travel and tourism industry (other than those 
described in subsection (b)(2)(A)(iii) or (H)) represented 
on the Board in proportion to their share of the aggre-
gate international travel and tourism revenue of the in-
dustry. The Corporation shall be responsible for 
verifying, implementing, and collecting the assessment 
authorized by this subsection. 
(2) INITIAL ASSESSMENT LIMITED.—The Corpora-
tion may establish the initial assessment after the date 
of enactment of this section at no greater, in the aggre-
gate, than $20,000,000.
•HRES 806 EH 
(3) REFERENDA.— 
(A) IN GENERAL.—The Corporation may not 
impose an annual assessment unless— 
(i) the Corporation submits the proposed 
annual assessment to members of the industry 
in a referendum; and 
(ii) the assessment is approved by a ma-
jority of those voting in the referendum. 
(B) PROCEDURAL
REQUIREMENTS.—In con-
ducting a referendum under this paragraph, the 
Corporation shall— 
(i) provide written or electronic notice not 
less than 60 days before the date of the ref-
erendum; 
(ii) describe the proposed assessment or 
increase and explain the reasons for the ref-
erendum in the notice; and 
(iii) determine the results of the ref-
erendum on the basis of weighted voting appor-
tioned according to each business entity’s rel-
ative share of the aggregate annual United 
States international travel and tourism revenue 
for the industry per business entity, treating 
all related entities as a single entity. 
(4) COLLECTION.—
•HRES 806 EH 
(A) IN GENERAL.—The Corporation shall es-
tablish a means of collecting the assessment that it 
finds to be efficient and effective. The Corporation 
may establish a late payment charge and rate of in-
terest to be imposed on any person who fails to 
remit or pay to the Corporation any amount as-
sessed by the Corporation under this section. 
(B) ENFORCEMENT.—The Corporation may 
bring suit in Federal court to compel compliance 
with an assessment levied by the Corporation under 
this section. 
(5) INVESTMENT
OF
FUNDS.—Pending disburse-
ment pursuant to a program, plan, or project, the Cor-
poration may invest funds collected through assessments, 
and any other funds received by the Corporation, only in 
obligations of the United States or any agency thereof, 
in general obligations of any State or any political sub-
division thereof, in any interest-bearing account or cer-
tificate of deposit of a bank that is a member of the 
Federal Reserve System, or in obligations fully guaran-
teed as to principal and interest by the United States. 
(g) OFFICE OF TRAVEL PROMOTION.—Title II of the 
International Travel Act of 1961 (22 U.S.C. 2121 et seq.) is 
amended by inserting after section 201 the following: