Trump Signs Order to Crack Down on Ticket Price Gouging

5Mind. The Meme Platform
The Epoch Times Header

The FTC is ordered to prevent ‘unfair, deceptive, and anti-competitive conduct in the secondary ticketing market.’

President Donald Trump signed an executive order on Monday aimed at curbing “exploitative ticket scalping” and price-gouging practices in live entertainment events.

“America’s live concert and entertainment industry is the envy of the world,” Trump stated in his order. “But it has become blighted by unscrupulous middlemen who sit at the intersection between artists and fans and impose egregious fees while providing minimal value.”

The order directs the Federal Trade Commission (FTC) to work with Treasury Secretary Scott Bessent and Attorney General Pam Bondi to ensure that scalpers who buy event tickets in bulk and resell them at inflated prices fully comply with the Internal Revenue Code and other applicable laws, according to a White House fact sheet.

It also instructs the FTC to “ensure price transparency at all stages of the ticket-purchase process” and to “take enforcement action” if deemed appropriate to prevent “unfair, deceptive, and anti-competitive conduct in the secondary ticketing market.”

The order specifically emphasized enforcing the Better Online Ticket Sales (BOTS) Act, which grants the FTC authority to take action against scalpers who use bots to buy tickets.

Singer-songwriter Kid Rock, whom Trump described as “a good friend” for many years, was also present during the signing in the Oval Office.

Kid Rock, whose real name is Robert James Ritchie, called the move “a great first step” in tackling ticket scalping and thanked Trump for making it happen “at lightning speed.”

He also voiced hope for the passing of legislation that would cap the price of resale tickets.

“Anyone who’s bought a concert ticket in the last decade, maybe 20 years, no matter what your politics are, knows it is a conundrum,” the musician said at the event.

“You buy a ticket for $100. By the time you check out, it’s $170. You don’t know what you’ve been charged for, but more importantly, these bots you know, they come in, they get all the good tickets to your favorite shows you want to go to, and then they’re re-listed immediately for sometimes 400 or 500 percent markup,” he added.

By Aldgra Fredly

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Unheralded and autonomous

NIL money has turned recruiting into a financial arms race, where loyalty fades and players follow whoever writes the biggest check.

‘Yes, Some Children… Died From COVID Shots’, Major Legacy Media Concedes as British Gov. Hides Excess Death Data

‘Yes, Some Children May Have Died From COVID Shots,’ reads The Atlantic headline — a departure from June 2022 article, “Don’t Wait to Get Your Kid Vaccinated.”

Hands Off the Kids: A Future Worth Defending

There is a war against American children. Not a metaphorical war, not a poetic exaggeration, but a deliberate, coordinated assault on innocence itself.

The Use of Women in Today’s Political War

Last month President Donald Trump pardoned 77 people who...

The Russian-US “New Détente” Could Revolutionize The Global Economic Architecture

A renewed Russian-US “New Détente” could reshape the global economy by reducing China’s central role and elevating Russia through its key strategic resources.

2 Dead, 8 in Critical Condition in Brown University Shooting; Suspect at Large

Two people are dead and eight others are hospitalized in critical condition following a shooting on the Brown University campus in Rhode Island on Saturday night.

How the Child Vaccine Schedule Could Change Under Trump’s Directive

Federal recommendations for a handful of vaccines have already changed during President Donald Trump’s second term.

‘National Defense Area’ on the California-Mexico Border—What to Know

Hundreds of acres of public land near the Mexico border have been put under the control of the U.S. Navy for the sake of national security.

Over 10,000 Illegal Immigrants Arrested in Los Angeles in Last 6 Months: DHS

Federal immigration authorities have arrested more than 10,000 illegal immigrants living in Los Angeles since June, the DHS said on Dec. 11.

Trump Says He Is Pardoning Former Colorado County Clerk Tina Peters

Trump is pardoning Tina Peters, a former Colorado county clerk convicted of election machine tampering in the aftermath of the disputed 2020 election.

Trade Chief Jamieson Greer Indicates Progress on US–India Trade Deal

U.S. Trade Representative Jamieson Greer hinted that the United States and India are making progress on a deal.

Trump Touts Lower Prices, Bigger Paychecks in 1st Stop of National Tour

President Trump told an energetic crowd at a Dec. 9 rally that his administration’s policies are lowering the cost of living nationwide.

Trump Announces $12 Billion Farm Aid Program

Trump made the announcement at a roundtable at the White House to discuss his economic aid package for American farmers.
spot_img

Related Articles

Popular Categories

MAGA Business Central