Such organizations generally only occur by government mandate, as buying insurance (given that's what the combined funds are) is always a cost on a business.
There are no overall regulations. You will need to consider where the travel agent you're buying your travel from is located, and review the latest regulations of that state. The safest bit is always to purchase travel insurance that includes travel agency bankruptcy from a separate source to your travel agency.
The most relevant information as to what exists in the USA was off a legal website, and they note that the regulations vary significantly from state to state.
Several laws that affect sellers of travel are common to most U.S.
jurisdictions. These include:
- Claim forms. These regulations have increased in number and
complexity with the greater use of travel restitution statutes. Many
states have enacted laws requiring claims forms to be issued to the
consumer when purchasing travel services. These forms are used by the
consumer to file a claim against the seller of travel, to be collected
from the state’s restitution fund, if the seller of travel or the
provider of travel goes bankrupt or is otherwise unable to deliver the
The following states have laws for registration, licensing, or bonding
of sellers of travel or otherwise governing travel sales: California,
Delaware, Florida, Hawaii, Illinois, Iowa, Louisiana, Massachusetts,
Nevada, New York, Oregon, Pennsylvania, Rhode Island, Virginia, and
Washington (State). However, seller-of-travel regulations are in flux.
For example, in 2003 Ohio repealed its registration program.
California law was revamped in 2007 to expand the scope of services
that are covered by the seller-of-travel laws.