Event Tickets: Ban on Speculative Sales
A bill to prohibit the speculative sale of event tickets, and for other purposes.
A senate committee must act next: committee consideration.
While there is high public interest in fixing the ticket market, bills introduced this late in a two year session rarely have enough time to pass both chambers of Congress.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Ticket resellers, including small brokerage businesses, would be barred from selling or advertising tickets they don't already have in hand, ending the common industry practice of speculative listing before tickets are released. Violators face steep penalties, at least $15,000 per day plus $1,000 per ticket or five times the ticket price, and an extra $10,000 per ticket for intentional violations, which could put smaller resale operations out of business if they don't change their practices.
“It shall be unlawful for any reseller to sell, offer for sale, or advertise for sale an event ticket unless such reseller has actual possession of such event ticket.”
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
A bill to prohibit the speculative sale of event tickets, and for other purposes.
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