Market analysis reports, Consumer price indices

U.S. House Passes Bipartisan TICKET Act Led by Energy & Commerce Committee

May 15, 2024, 11:13 PM

The U.S. House of Representatives has passed the bipartisan TICKET Act, aimed at increasing transparency and fairness in the event ticket marketplace. The legislation, which received broad bipartisan support, mandates that ticket sellers disclose the total price, including fees, in any advertisement or promotional material. This move is expected to protect consumers from deceptive practices, such as hidden fees and speculative ticketing, where sellers do not actually have possession of the tickets. The bill also includes measures to make URLs less deceptive, ensuring consumers can make informed choices. The TICKET Act, led by the Energy & Commerce Committee and supported by Rep. Bill Pascrell and Rep. Jan Schakowsky, now awaits Senate approval before it can be sent to the President for signing into law.