President Donald Trump signed executive orders in the Oval Office on Monday. The event garnered attention due to the presence of Kid Rock, who wore colorful patriotic attire. The executive order signed focused on combating ticket scalping.
As our Ward Clark noted:
On Monday, President Trump signed an executive order aimed at cracking down on ticket scalpers, doing so with the inestimable .
…
@POTUS is taking executive action to protect fans from exploitative ticket scalping and bring commonsense reforms to live entertainment.
The Order directs the Federal Trade Commission to:
- Work with the Attorney General to ensure that competition laws are appropriately enforced in the concert and entertainment industry.
- Rigorously enforce the Better Online Ticket Sales (BOTS) Act and promote its enforcement by state consumer protection authorities.
- Ensure price transparency at all stages of the ticket-purchase process, including the secondary ticketing market. — Evaluate and, if appropriate, take enforcement action to prevent unfair, deceptive, and anti-competitive conduct in the secondary ticketing market.
- The Order directs the Secretary of the Treasury and Attorney General to ensure that ticket scalpers are operating in full compliance with the Internal Revenue Code and other applicable law.
- Treasury, the Department of Justice, and the FTC will also deliver a report within 180 days summarizing actions taken to address the issue of unfair practices in the live concert and entertainment industry and recommend additional regulations or legislation needed to protect consumers in this industry.
