An Act Concerning Resales Of Tickets To Entertainment Events.
The legislation would require ticket resellers to disclose all fees to consumers prior to purchase, ensuring transparency in ticket pricing. Furthermore, it sets a cap on resale prices, limiting them to a specified percentage above the face value of the tickets. This provision aims to prevent exorbitant markups that often occur in the resale market, particularly for high-demand events. With these measures, the bill attempts to create a more equitable marketplace for consumers and reduce financial exploitation in ticket sales.
House Bill 6047 addresses the resale of tickets to entertainment events, aiming to regulate various practices of ticket resellers to protect consumers. The bill proposes to impose limits on exclusivity agreements between entertainment venues and ticket resellers, which has been a point of contention due to concerns over monopolistic practices in the ticketing industry. By restricting these agreements, the bill seeks to promote fair competition among resellers and provide consumers with more options when purchasing tickets.
Notably, the bill includes provisions that would empower the Department of Consumer Protection to oversee ticket resellers and impose civil penalties. This aspect signals a significant shift towards enhancing regulatory oversight in the ticketing space, which may face opposition from those in the ticket resale business who feel that such measures would restrict their operational freedom. Additionally, the bill's requirements for refund policies in case of canceled events further emphasize consumer rights, reflecting a growing trend to prioritize consumer protection in state regulations.