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1 S. 2203, Brand USA Extension Act, as Ordered Reported by the Senate Committee on Commerce, Science, and Transportation on July 24, 2019 1 (August 20, 2019)

handle is hein.congrec/cbobrdusa0001 and id is 1 raw text is: j Congressional Budget Office Cost Estimate August 20, 2019 Millions of Dollars 2019 2019=2024 2019o2029 Direct Spending (Outlays) Revenues Deficit Effect 0 0 370 665 580 -210 970 -305 Bill Summary S. 2203 would extend the authority of the Corporation for Travel Promotion (commonly known as Brand USA) to receive fees from the VISA Waiver Program (VWP) through 2027; under current law, that authority expires after 2020. The bill also would require Brand USA to implement a digital outreach strategy and to report on countries with emerging markets for U.S. tourism. Finally, among other provisions, S. 2203 would increase the VWF base fee from $10 to $17. Estimated Federal Cost The estimated budgetary effect of S. 2250 is shown in Table 1. The costs of this legislation fall within budget function 370 (commerce and housing credit). Basis of Estimate CBO estimates that enacting S. 2203 would increase direct spending by $665 million, increase revenues by $970 million, and decrease the federal deficit by $305 million over the 2019-2029 period. See also CBO's Cost Estimates Explained, www,cbo.gov/pubicationi54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo~govipublication/42904.

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