Earlier this 12 months, the US Home of Representatives handed the TICKET Act, a proposed invoice that will enhance pricing transparency within the ticket trade and ban speculative ticketing practices. Just some days in the past, it was set to go within the US Senate as a part of a seamless decision spending invoice, however resulting from latest actions from President-Elect Donald Trump and Elon Musk, the TICKET Act is now in limbo.
Although the bipartisan deal had been endorsed by Republican management, Trump demanded it’s scrapped on Wednesday with the assist of his advisors Musk and Vivek Ramaswamy as they pushed for extra spending cuts. With GOP management scrambling to create a revised spending invoice, the TICKET Act seems to have fallen by the wayside.
On Thursday, Republican management proposed a brand new spending invoice, excluding the TICKET Act, with backing from Trump. Nevertheless, the vote failed as 38 Republicans joined a majority of Democrats in opposition. As of Friday, no decision has been reached, although Speaker Mike Johnson and Home Minority Chief Hakeem Jeffries are reportedly negotiating a revised funding deal that will separate particular person payments and exclude the TICKET Act.
As at the moment written, the TICKET Act would mandate each major and secondary ticket sellers present the “all-in” value of a ticket (together with an itemized checklist of all charges) earlier than checkout. It could additionally ban resellers from promoting tickets except they really have them in hand.
It’s price noting each NIVA (Nationwide Unbiased Venue Affiliation) and Stay Nation/Ticketmaster had reportedly pushed again towards together with the TICKET Act within the spending invoice.
In response to Ticket Information, NIVA has given behind-the-scenes assist to the “Followers First Act,” which might as an alternative enable venues and promoters to manage themselves. In the meantime, Stay Nation is optimistic that the incoming Trump Administration can be extra favorable to their means of working enterprise.
Unbiased of the TICKET Act, the Federal Commerce Fee introduced a brand new rule earlier this week requiring a clear show of all obligatory charges upfront within the shopping for course of.
Hopefully, the American public gained’t must rely on holding Child Rock to his promise of opening “a can of whoop ass on the bots, scalpers, venues, ticketing firms, managers, and artists alike who rip off and deceive the general public.”
This invoice mustn’t go https://t.co/eccQ6COZJ4
— Elon Musk (@elonmusk) December 18, 2024
Yesterday’s invoice vs at this time’s invoice 😂 pic.twitter.com/L3Omn964mw
— Elon Musk (@elonmusk) December 19, 2024