Consumer Affordability and Pricing Concessions Act

Key Points

• This bill targets stadiums with at least 10,000 seats that receive taxpayer money through grants, tax breaks, or special bonds. It does not apply to college sports venues.
• Under the plan, these stadiums could not charge more than 7 percent above the local market price for food and drinks. This means a hot dog at a game would have to cost about the same as one at a nearby restaurant or grocery store.
• The bill also helps small businesses by banning stadiums from charging them a flat fee just for the right to sell food to fans. Stadiums could still charge rent or utility fees, but they must try to include small vendors in their contracts.
• The Federal Trade Commission would be in charge of making sure stadiums follow these rules. If a stadium breaks the law, it would be treated as a deceptive business practice, which can lead to fines and legal action.

Impact Analysis

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