Limiting Exclusive Ticketing Contracts to Boost Competition and Lower Fees.
This law aims to increase competition in the market for tickets to major events (concerts, sports, theater) by restricting the length of exclusive venue contracts. Primary ticketing providers cannot sign deals with large venues lasting longer than four years, potentially leading to lower prices and fees for consumers. The Federal Trade Commission (FTC) will enforce these rules to ensure greater choice for ticket buyers.
Key points
Exclusive ticket sales contracts for large venues (capacity 5,000+) are limited to a maximum duration of four years.
The goal is to increase competition among ticketing companies, potentially resulting in lower prices and reduced fees for citizens.
The Federal Trade Commission (FTC) will oversee compliance and impose penalties on companies that violate the new duration limits.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.