If my memory serves correctly, the money did come in shortly after the plan was rejected in 1996. Besides "profiling", the plan was apparently expensive to airlines. I believe it was Linda Dashole (Tiny Tom's wife) who lobbied on behalf of the airlines.
A woman who lost someone on Pan Am 103 was part of the panel and filed a dissenting opinion (she wanted the increased security) but her report never made it into the final report.