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Congress to ban companies from hosting events and conferences

Posted by TeamITI on March 9, 2009

actionalertWe just took action on this issue and thought you might find it interesting too:

We can’t let Congress be the nation’s travel manager

Sen. Kerry has introduced legislation that would ban all 421 firms including the nation’s largest banks that received money from the Troubled Assets Relief Program (TARP) from hosting, sponsoring or paying for conferences, holiday parties and entertainment events.

If passed, I don’t need to tell you the profound impact on the business travel industry and the nation’s economy it would have. This legislation would not only impact the affected companies it would have a chilling, immediate impact on all companies. This hurts travel managers, hotels, airlines, rental cars, EVERYONE!  It is estimated that without the jobs generated by meetings and conventions unemployment would jump from 7.6% to 8.2!

You, as the expert in business travel must educate Congress on the importance of managed travel and the benefits it brings. NBTA has issued a set of guidelines to the U.S. Treasury for effective managed travel based on your practices. You have made travel for meetings and events a cost effective tool that help businesses grow. We need to give these real world practices time to work. We can’t afford negative news stories to drive Congress to manage travel. You have to make sure our government knows that.

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