The US House of Representatives just passed a law that could affect the pricing of concert tickets
The US House of Representatives has been looking into the practices of the ticketing industry for some time now–and despite all the gridlock in Washington, it managed to actually pass a law.
The Transparency in Charges for Key Events Ticketing (TICKET) Act passed 338-24 this week. It’s the first step toward reform in ticket selling and pricing and includes the following:
- All-in pricing. No more surprise fees at checkout. The advertised price will be the price, period
- The banning of speculative tickets. These are the imaginary tickets that are advertised before the on-sale date. They don’t exist but the seller believes that they’ll be able to get their hands on them. None of this crap anymore.
- The banning of “deceptive websites and website marketing.”
- Full refunds for any canceled event
- The offering of comparable replacement tickets for any event that gets canceled.
- A study on how well ticket-buying bots are being supressed in line with the BOTS Act Enforcement of 2016.
The law now has to go through the Senate and then to the president.
(Via Variety)
