Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Politics

Trump to sign executive order to protect Americans from ‘exploitive ticket scalping’ in entertainment industry

by March 31, 2025
March 31, 2025
Trump to sign executive order to protect Americans from ‘exploitive ticket scalping’ in entertainment industry

President Donald Trump is expected to sign an executive order to protect Americans from ‘exploitive ticket scalping’ in the concert and entertainment industry, Fox News Digital has learned. 

The president’s executive order will direct the Federal Trade Commission to work with the attorney general to ensure that competition laws are enforced in the concert and entertainment industry. 

The order will also enforce the Better Online Ticket Sales (BOTS) act and promote its enforcement by state consumer protection authorities. 

The president’s order will also ensure price transparency at all stages of the ticket-purchasing process, including through the secondary ticketing market; and will evaluate, and, if appropriate, take enforcement action to prevent ‘unfair, deceptive, and anti-competitive conduct’ in the secondary ticketing market.

The president’s order will also direct the attorney general and Treasury secretary to ensure that ticket scalpers are operating in full compliance with the Internal Revenue Code and other laws. 

Under the order, the Treasury Department, DOJ, and the FTC will also deliver a report within 180 days summarizing the actions taken to address the issue of unfair practices in live concert and entertainment industry and will recommend additional regulations or legislation needed to protect consumers. 

The order comes after President Trump, on the campaign trail, vowed to work to combat high ticket prices. While campaigning, the president described the current system where fans are priced out as ‘very unfortunate.’ 

A White House official told Fox News Digital that the president is ‘committed to making arts and entertainment that enrich Americans’ lives as accessible as possible.’ 

The official said that America’s live concert and entertainment industry has a total nationwide economic impact of $132.6 billion and supports 913,000 jobs. 

‘But it has become blighted by unscrupulous middle-men who impose egregious fees on fans with no benefit to artists,’ a White House official said. 

‘Ticket scalpers use bots and other unfair means to acquire large quantities of face-value tickets, then re-sell them at an enormous markup on the secondary market, price-gouging consumers and depriving fans of the opportunity to see their favorite artists without incurring extraordinary expenses,’ a White House official said. ‘By some reports, fans have paid as much as 70 times the face value of a ticket price to obtain a ticket.’ 

The official added that when this occurs, the artists ‘do not receive any additional profit—it goes solely to the scalper and the ticketing agency.’ 
This is a developing story. Please check back for updates. 
 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
LEE ZELDIN: Why we’re shutting down Biden’s EPA museum
next post
Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic

You may also like

Rubio tells House Dem ‘this is not a...

Farm state Republicans appear skeptical about RFK amid...

After Trump’s tariff threat, Mexico says Canada wishes...

New report shows clear frontrunner in Harris, Trump...

Trump’s victory could give boost to Brazil’s Bolsonaro’s...

Federal judge delays unions’ request to block DOGE...

Pentagon bracing for sweeping changes after Trump nominates...

FBI investigating claims of Comey-era ‘honeypot’ operation against...

Study found US gas exports did not impact...

Anxious Republicans turn to Trump amid divisions over...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • CoTec Holdings Corp. Announces Second Closing of Life Offering and Concurrent Private...

    • Hempalta Secures 90-Day FCC Forbearance Extension as Company Completes Certification of 2024 Carbon Credits

    • Iran regime escalates repression toward ‘North Korea-style model of isolation and control’

    • This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    • President Trump to honor Iran strike flight team at the White House

    Categories

    • Business (536)
    • Investing (2,624)
    • Politics (4,224)
    • Uncategorized (1)
    • World (2,689)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top