H. R. 1299—12 
(C) ANNUAL
AUDITS.—The Corporation shall engage 
an independent accounting firm to conduct an annual finan-
cial audit of the Corporation’s operations and shall publish 
the results of the audit. The Comptroller General of the 
United States may review any audit of a financial state-
ment conducted under this paragraph by an independent 
accounting firm and may audit the Corporation’s operations 
at the discretion of the Comptroller General. The Comp-
troller General and the Congress shall have full and com-
plete 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 Gen-
eral 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 objec-
tives for the Corporation for each fiscal year subject to approval 
by the Secretary of Commerce (after consultation 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 days before the beginning of that 
year and provide a copy of the plan, and any revisions thereof, 
to the Secretary. 
(2) BUDGET.—The board shall transmit a copy of the Cor-
poration’s budget for the forthcoming fiscal year to the Sec-
retary not less than 60 days before the beginning 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 budget and explanation on the Corporation’s 
website. 
(3) ANNUAL REPORT TO CONGRESS.—The Corporation shall 
submit an annual report for the preceding fiscal 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 Corpora-
tion’s operations, activities, financial condition, and accom-
plishments under this section; 
(B) a comprehensive and detailed inventory of amounts 
obligated or expended by the Corporation during the pre-
ceding fiscal year; 
(C) a detailed description of each in-kind contribution, 
its fair market value, the individual or organization respon-
sible for contributing, its specific use, and a justification 
for its use within the context 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 failure to 
achieve an objective established by the board and any 
revisions or alterations to the Corporation’s objectives 
under paragraph (1);
H. R. 1299—13 
(F) a comprehensive and detailed report of the Corpora-
tion’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 deposited 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.— 
(A) START-UP EXPENSES.—For fiscal year 2010, the Sec-
retary of the Treasury shall make available to the Corpora-
tion such sums as may be necessary, but not to exceed 
$10,000,000, from amounts deposited in the general fund 
of the Treasury 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 
initial 
expenses and activities under this section. Transfers shall 
be made at least quarterly, beginning on January 1, 2010, 
on the basis of estimates by the Secretary, and proper 
adjustments shall be made in amounts subsequently trans-
ferred 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 preceding fiscal year from fees 
under section 217(h)(3)(B)(i)(I) of the Immigration and 
Nationality 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 Corpora-
tion, subject to paragraph (3) of this subsection, to carry 
out its functions 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 required 
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-Fed-
eral sources equal in the aggregate to 100 percent 
of the amount transferred to the Fund under paragraph 
(2) for the fiscal year. 
(B) GOODS AND SERVICES.—For the purpose of deter-
mining the amount received from non-Federal sources by 
the Corporation, other than money—
H. R. 1299—14 
(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 fiscal year 2010, 
2011, 2012, 2013, or 2014 that cannot be used to meet 
the matching requirement 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 suc-
ceeding fiscal year for purposes of meeting the matching 
requirement 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 ensure 
recovery of the full costs of providing and admin-
istering the System, as determined by the Sec-
retary. 
‘‘(ii) 
DISPOSITION
OF
AMOUNTS
COLLECTED.— 
Amounts collected under clause (i)(I) shall be credited 
to the Travel Promotion Fund established by subsection 
(d) of section 11 of the Travel Promotion Act of 2009. 
Amounts collected under clause (i)(II) shall be trans-
ferred 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.—
H. R. 1299—15 
(1) IN GENERAL.—Except as otherwise provided in this sub-
section, the Corporation may impose an annual assessment 
on United States members of the international 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 aggregate international travel and tourism 
revenue of the industry. The Corporation shall be responsible 
for verifying, implementing, and collecting the assessment 
authorized by this subsection. 
(2) INITIAL
ASSESSMENT
LIMITED.—The Corporation may 
establish the initial assessment after the date of enactment 
of this section at no greater, in the aggregate, than $20,000,000. 
(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 ref-
erendum; and 
(ii) the assessment is approved by a majority of 
those voting in the referendum. 
(B) PROCEDURAL REQUIREMENTS.—In conducting a ref-
erendum under this paragraph, the Corporation shall— 
(i) provide written or electronic notice not less 
than 60 days before the date of the referendum; 
(ii) describe the proposed assessment or increase 
and explain the reasons for the referendum in the 
notice; and 
(iii) determine the results of the referendum on 
the basis of weighted voting apportioned according to 
each business entity’s relative 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.— 
(A) IN GENERAL.—The Corporation shall establish 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 interest to be imposed 
on any person who fails to remit or pay to the Corporation 
any amount assessed 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 disbursement pursu-
ant to a program, plan, or project, the Corporation 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 subdivision thereof, in any interest- 
bearing account or certificate of deposit of a bank that is 
a member of the Federal Reserve System, or in obligations 
fully guaranteed 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: