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Transparency In Charges for Key Events Ticketing Act
6/11/2024, 4:07 PM
Summary of Bill HR 3950
Bill 118 hr 3950, also known as the Transparency In Charges for Key Events Ticketing Act, aims to increase transparency in the ticketing industry for major events. The bill requires ticket sellers to disclose all fees and charges associated with purchasing tickets for events such as concerts, sporting events, and theater performances. This includes fees for processing, delivery, and any other additional charges that may be added to the ticket price.
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.
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.
Read the Full Bill
Current Status of Bill HR 3950
Bill HR 3950 is currently in the status of Introduced to Senate since May 16, 2024. Bill HR 3950 was introduced during Congress 118 and was introduced to the House on June 9, 2023. Bill HR 3950's most recent activity was Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation. as of May 16, 2024
Bipartisan Support of Bill HR 3950
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
34Democrat Cosponsors
30Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3950
Primary Policy Focus
CommercePotential Impact Areas
- Competition and antitrust
- Consumer affairs
- Inflation and prices
- Marketing and advertising
- Service industries
- User charges and fees
Alternate Title(s) of Bill HR 3950
TICKET Act
TICKET Act
Transparency In Charges for Key Events Ticketing Act
Transparency In Charges for Key Events Ticketing Act
TICKET Act
Transparency In Charges for Key Events Ticketing Act
TICKET Act
To require sellers of event tickets to disclose comprehensive information to consumers about ticket prices and related fees, and for other purposes.
Comments
Sponsors and Cosponsors of HR 3950
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