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.

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:09:03

Two birthdays apart

The Bicentennial was not just a commemoration of 200 years of independence – it was a coast‑to‑coast block party of red, white and blue.
00:02:31

Is Charlie Kirk’s Assassination Looking More Like a Conspiracy?

Enough videos have been posted to the internet, plenty...

Is There a 9/11 WTC and 9/10 Charlie Kirk Connection?

Strange parallels in online stories raise questions about whether Israelis and Mossad intelligence are our allies or adversaries.

Federal Judge Rejects Transgender Health Nonprofit Bid to Halt FTC Lawsuit in Texas

A federal judge let stand an FTC lawsuit alleging a transgender health nonprofit made misleading claims about gender-affirming care for minors.

Pennsylvania Man Charged With Threatening a Member of Congress in YouTube Comments

A PA man was indicted Friday on federal charges of making threats against a member of Congress and others in comments posted to YouTube videos.

Judge Allows DOJ’s Bid to Dismiss Jan. 6 Convictions Against 4 Proud Boys

A federal judge granted the DOJ motion to dismiss the convictions of four Proud Boys members over their roles in the Jan. 6, 2021, U.S. Capitol breach.
00:01:39

South Korean Chip Giant SK Hynix Raises $26.5 Billion in US Debut

On July 9, the South Korean memory-chip giant raised $26.5 billion, pricing its American Depositary Receipts—also known as ADRs—at $149.

Trump Warns of Global Spread of Communism at NATO Summit

President Trump reiterated his warnings about communism during the NATO summit in Ankara on July 8, saying he believes it’s taking root in the US and around the world.

Trump Arrives in Ankara to Meet With NATO Allies

It marks the first visit to Turkey by a...
00:01:40

President Launches Trump Accounts for Children With Historic Opening of NYSE, NASDAQ

President Trump rang a bell to open the New York Stock Exchange and NASDAQ during an Oval Office ceremony to launch accounts for children across the nation.

Trump Shares New US Passport Design on Truth Social

The mockup shows limited-edition passports planned for a July...
spot_img

Related Articles

Popular Categories

MAGA Business Central