joreth (joreth) wrote in techlovers,
joreth
joreth
techlovers

Congress to ban companies from hosting events and conferences

http://capwiz.com/nbta/issues/alert/?alertid=12773376

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! 
 
We, as entertainment technicians who rely upon the travel and tourist industry to fund our events, 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. Travel for meetings and events can be 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. We have to make sure our government knows that.
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