As reported by the Senate Committee on Commerce, Science, and Transportation on August 1, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
0
0
Revenues
0
*
*
Increase or Decrease (-) in the Deficit
0
*
*
Spending Subject to Appropriation (Outlays)
0
4
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
Yes, Under Threshold
Contains private-sector mandate?
Yes, Under Threshold
* = between -$500,000 and $500,000.
Summary
S. 2498 would require providers of short-term lodging and websites that advertise or offer such lodging to display upfront the full lodging price and each mandatory fee required to complete a booking. The Federal Trade Commission (FTC) would be responsible for enforcing the requirements of the bill.
Using information from the FTC, CBO estimates that implementing S. 2498 would cost $4 million over the 2024-2029 period to issue guidance and monitor and enforce violations. Any related spending would be subject to the availability of appropriated funds.
Additionally, companies that fail to meet the new requirements could face civil penalties, which are recorded in the federal budget as revenues. However, the extent to which businesses would violate the bill’s requirements after they go into effect is uncertain. Furthermore, if a business does violate those requirements and the FTC chooses to proceed with an enforcement action, the extent to which the agency would pursue civil penalties rather than other remedies is also uncertain, as is the amount of time it would take to resolve each case. As a result, CBO estimates that any additional revenues collected under the bill would be insignificant over the 2024-2034 period.
