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Transparency In Charges for Key Events Ticketing Act
6/11/2024, 4:07 PM
Summary of Bill HR 3950
The goal of the bill is to ensure that consumers are fully informed about the total cost of purchasing tickets before they make a purchase. This will help prevent surprise fees and hidden costs that can often catch consumers off guard. By requiring ticket sellers to be upfront about all charges, the bill aims to promote fairness and transparency in the ticketing industry.
Overall, the Transparency In Charges for Key Events Ticketing Act seeks to empower consumers to make informed decisions when purchasing tickets for major events. It aims to create a more transparent and fair ticketing process for all parties involved.
Congressional Summary of HR 3950
Transparency In Charges for Key Events Ticketing Act or the TICKET Act
This bill requires ticket sellers (including sellers on the secondary market) for concerts, performances, sporting events, and similar activities to clearly and prominently disclose at the beginning of the transaction, and prior to the selection of a ticket, the total ticket price for the event and an itemized list of the base ticket price and each fee (e.g., service fee, processing fee, delivery fee, facility charge fee, tax, or other charge). The total ticket price must also be disclosed in any advertisement, marketing, or price list. Currently, ticket sellers generally disclose fees at the checkout stage.
Additionally, ticket sellers that are offering to sell a ticket that the seller does not have in their actual or constructive possession must clearly and prominently disclose that the ticket is not in their possession before an individual selects a ticket to purchase.
The Federal Trade Commission must enforce these requirements.
