US EditionTrump plans executive order targeting ticket scalping, according to document
- On Monday, President Donald Trump, joined by Kid Rock, signed an executive order in the Oval Office targeting exploitative ticket scalping.
- The executive order was prompted by concerns that scalpers and bots are using deceptive practices to purchase large quantities of tickets and resell them at enormous markups, preventing fans and artists from obtaining fair prices.
- The order directs the Federal Trade Commission and the Department of Justice to rigorously enforce the BOTS Act of 2016, which prohibits using bots to bypass purchasing limits on online ticketing sites, and instructs the Treasury Department to ensure compliance with tax laws.
- The executive order quotes the need to crack down on "unscrupulous middle-men" and "exploitative ticket scalping", and Live Nation and the National Consumers League have endorsed the order.
- Within 180 days, the Treasury Department, the Department of Justice, and the FTC are to deliver a report summarizing actions taken and recommending additional regulations or legislation, though the immediate impact of the order on the ticketing industry remains unclear.
291 Articles
291 Articles
Live Nation CEO praises Trump executive order against 'exploitive ticket scalping'
The head of one of the biggest companies in entertainment is praising the administration's move to cut down on price-gouging that has proliferated in the concert industry. Live Nation Entertainment Inc. CEO Michael Rapino thanked the administration for "taking ticket scalping head-on," saying the order will protect American consumers and artists. The company, which owns Live Nation and TicketMaster and is seen as a dominant force in the live ent…
Daily Post Nigeria
Trump signs executive order targeting ticket scalping
US President Donald Trump signed an executive order clamping down on ticket touting and live event pricing, with American entertainer Kid Rock at his side. The order is said to have sought to prevent unscrupulous middlemen from profiting off reselling tickets for concerts and other events at an enormous mark-up. It mandates the US Attorney General and the Treasury Secretary to use all legal means to stamp out soaring price gouging, and calls on …
What Trump's Executive Order on Tickets Means
A new executive order signed by President Trump Monday aims to hit all the right notes with concertgoers by addressing the price-gouging of tickets for live events. It orders the Federal Trade Commission to ensure price transparency at all stages of ticket buying and the Attorney General to ensure that ticket scalpers are abiding by the law and Internal Revenue Code. The executive order claims it will double down on enforcing the Better Online T…
Trump Signs Executive Order On Concert Tickets
The order directs the Federal Trade Commission to more rigorously enforce existing law governing the use of bots that help scalpers scoop up hot tickets, including by issuing fines. Trump said the FTC, along with the Treasury and Justice departments, will deliver a report within 180 days summarizing what they have done. – The Wall Street Journal
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