U.S House passes Ticket Act for more transparency and fairness to pricing

House Energy and Commerce Committee Chair Cathy McMorris Rodgers, Committee Ranking Member Frank Pallone, Jr. , Innovation, Data, and Commerce Subcommittee Chair Gus Bilirakis and Subcommittee Ranking Member Jan Schakowsky released the following statement on H.R. 3950, the Transparency In Charges for Key Events Ticketing or TICKET, Act, which passed the House of Representatives by a vote of 388 – 24: “This consensus legislation will end deceptive ticketing practices that frustrate consumers who simply want to enjoy a concert, show, or sporting event by restoring fairness and transparency to the ticket marketplace. After years of bipartisan work, we will now be able to enhance the customer experience of buying event tickets online. We look forward to continuing to work together to urge quick Senate passage so that we can send it to the President’s desk to be signed into law.” The TICKET Act would increase transparency and fairness in the live event ticket marketplace by: Requiring the total price of an event ticket be displayed upfront, inclusive of all fees; Banning the sale of a ticket that a seller does not have or speculative ticketing;Guaranteeing refunds for event cancellations and postponements…Publicly traded companies that may be impacted include: Live Nation (LYV). Eventbrite (EB) and MSG Entertainment (MSGE).