How are you getting this number? The fee hasn't been implemented yet.
I apologize for the misstatement, it was way past my bed time. See below.
First some clarification as to who needs one.
Nonimmigrant visas are issued to foreign nationals seeking to enter the United States on a temporary basis for tourism, business, medical treatment and certain types of temporary work. The type of nonimmigrant visa needed is defined by immigration law, and related to the purpose of the travel.
U.S. Customs and Boarder Protection
So the Congressional Budget Office (CBO) estimates the new fee could cut the federal deficit by $28.9 billion over the next ten years. $2.89 billion in income every year.
However the new fee is refundable. Theoretically if everyone follows the rules all the revenue generated by the fees would be refunded. Maybe there is some earned interest that can be kept but $2.89 billion a year is unlikely.
WHAT IF the number of nonimmigrant visitors who overstay their visas is really high? Well historical U.S. Congressional Research Service data indicates that only 1% to 2% of nonimmigrant visitors overstayed their visas between 2016 and 2022 (
this is where I mixed my numbers, and I apologize). But 1% to 2% is still not getting us to $2.89 billion annually.
Reimbursements will be made after the travel visa expires, the provision said. Any fees not reimbursed will be deposited into the General Fund of the Government. The CBO expects a “
small number” of people will seek reimbursement, as many nonimmigrant visas are valid for several years. And there’s a $24 (was $6) fee just to file the form for a refund.
CBO also expects the Department of State would need
several years to implement a process for providing reimbursements.
So there it is.
Making the process costly and difficult, combined with “Government Efficiency” (oxymoron) travelers won’t even bother to get a refunded or will forget altogether is now a method for cutting the federal deficit and reducing an imaginary number of nonimmigrant visitors who overstay their visas. It just doesn’t add up.
Ultimately it makes it harder to come to the USA and spend money thus boosting local US economies. The same way I would spend money, eating, drinking, shopping, traveling, while overseas.