Tuesday, June 17, 2025 — Today, Laura Chadwick, President and CEO of the Travel Technology Association, released a statement on the Senate Finance Committee’s legislative text as part of the Senate’s budget reconciliation bill.
“Travel Tech applauds the Senate Finance Committee for including key provisions in its latest draft of the reconciliation bill that support innovation and small business growth. Making full expensing for domestic research and development (R&D) permanent, restoring 100% bonus depreciation, and enhancing Qualified Small Business Stock (QSBS) benefits will help drive greater innovation, investment, and competitiveness within the travel technology sector.”
“We want to thank Chairman Mike Crapo (R-ID) and members of the Senate Finance Committee for their leadership and continued support for small businesses and competition. These provisions send a clear signal that digital entrepreneurs and innovators remain a policy priority on both sides of the aisle.”
These provisions align with Travel Tech’s pro-innovation priorities. Travel Tech has been a vocal advocate of permanent R&D investments and the extension of bonus depreciation. Travel Tech recently sent a letter to the Senate Finance Committee in support of such provisions.
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The Travel Technology Association (Travel Tech) empowers traveler choice by advocating for public policy that promotes marketplace transparency and competition. Travel Tech represents the leading innovators in travel technology, including online travel agencies, metasearch engines, short-term rental platforms, global distribution systems, and travel management companies.
To schedule an interview with a Travel Tech spokesperson, contact Bradford Williamson of Glen Echo Group at 202.870.3234 or bwilliamson@glenechogroup.com.
