The $1.7 trillion omnibus spending bill contains big perks for the travel industry
After all the politics and posturing associated with the $1.7 trillion government funding package, it can be easy to miss some of the budget line items in the 4,155-page bill. We're happy to report that the omnibus spending bill includes big wins for both travelers and the travel industry.
Among the highlights is a new assistant secretary of travel and tourism position within the U.S. Department of Commerce that will focus on the country's $1.1 trillion travel industry.
"This is a tremendous win for travelers, the travel industry, and America's economy," U.S. Travel Association president and CEO Geoff Freeman says. "Thanks to a bipartisan and bicameral group of Congressional leaders, the United States will now join all G20 countries with a senior federal official focused on travel."
The new position "will play an important role as we partner with government to lower visitor visa wait times, modernize security screening, and leverage new technologies to make travel more seamless and secure," Freeman added.
The USTA has been a leading advocate for this new federal position — which the association says will underscore the industry's positive impact on the U.S. economy and help America rebuild its global competitiveness.
The travel industry developments are part of the bipartisan Omnibus Travel and Tourism Act introduced by Sen. Jacky Rosen, D-Nev., and Sen. Roger Wicker, R-Miss.
Rosen's office outlined the additional legislation travel features as formally authorizing a U.S. Travel and Tourism Advisory Board, collecting data on domestic travel and tourism, mandating the development of a national travel and tourism strategy every 10 years, and reporting on the effects of the pandemic on the travel and tourism industry. Rosen's office further noted that before now, there hadn't been anyone in the federal government responsible for developing and coordinating a national tourism strategy. The bill will now establish this for the first time.
The travel component of the spending bill will also provide congressional oversight to address excessive visa wait times that are now averaging more than 400 days for visitor visa appointments. The U.S. Travel Association forecasts that in 2023, U.S. businesses will attract 6.6 million fewer international visitors and lose $11.6 billion in spending; this is because international travelers cannot obtain visitor visas in time to travel to the U.S. due to these excessive wait times.
Related: Legislation that could gut credit card rewards set to move through Congress
The bill just passed in the Senate ahead of the Friday deadline and is expected to pass in the House of Representatives as soon as tonight; it will then be sent to President Joe Biden for his approval. The president is expected to sign it soon after it arrives on his desk.
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Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month

