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TICKET Act
12/15/2023, 4:07 PM
Summary of Bill S 1303
One of the key provisions of the TICKET Act is to increase transparency in the ticketing industry. This includes requiring ticket sellers to disclose all fees and charges associated with purchasing a ticket, as well as providing information on the face value of the ticket. This is aimed at preventing consumers from being surprised by hidden fees when purchasing tickets.
Another important aspect of the TICKET Act is to crack down on the use of automated ticket-buying software, also known as "bots." These bots are often used by scalpers to purchase large quantities of tickets in a matter of seconds, leading to inflated prices on the secondary market. The bill seeks to prohibit the use of bots and impose penalties on those who use them to purchase tickets. Additionally, the TICKET Act aims to improve consumer protections by requiring ticket sellers to offer refunds for canceled or rescheduled events. This is intended to ensure that consumers are not left out of pocket if an event they have purchased tickets for is no longer taking place. Overall, the TICKET Act is designed to promote fairness and transparency in the ticketing industry, protect consumers from unfair practices, and ensure that everyone has access to live events at a reasonable price.
Congressional Summary of S 1303
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.
