The legislation primarily impacts Sections 16-17-710 and 39-5-36 of the South Carolina Code. By adjusting these sections, the bill eliminates exceptions that previously enabled higher resale prices under certain conditions. This will likely lead to a decrease in price gouging in the resale market, particularly benefiting consumers looking to attend popular events. Additionally, it clarifies the definitions of what constitutes an 'open market event ticket' and outlines the allowable venues and conditions for ticket sales. As a result, the bill is expected to enhance consumer confidence in ticket purchases.
House Bill H3449 seeks to amend existing sections of the South Carolina Code of Laws that govern the resale of tickets for events. Specifically, it aims to impose stricter controls on how tickets can be resold by removing certain exceptions previously allowed under the law. Under the revised provisions, individuals and entities reselling tickets must not charge more than one dollar above the original price, except in the context of designated 'open market event tickets.' This indicates a shift towards more consumer-friendly practices in the resale market.
Notably, the bill introduces penalties for those who violate its provisions, classifying such violations as misdemeanors that may result in fines or imprisonment. This aspect has raised concerns among some stakeholders about the potential overreach of regulatory measures in the ticket resale industry. Opponents argue that while consumer protection is important, strict regulations might also harm legitimate ticket resellers who operate fairly and responsibly. As discussions around the bill continue, stakeholders are weighing the balance between consumer rights and the freedoms of ticket sellers.