The TICKET Act from Sens. Cantwell and Cruz outlines a comprehensive series of requirements for primary and secondary ticketing vendors to disclose fees.
against ticket sellers. In December, Taylor Swift fans sued Live Nation after its Ticketmaster site crashed during presales for the artist's "The Eras Tour." The fiasco prompted the Senate Judiciary Committee to examine the entertainment conglomerate's power over the industry in a January hearing. Some critics on Capitol Hill called Live Nation a monopoly.
"The price they say should be the price you pay. This bill is one part of comprehensive legislation I plan to introduce to rein in deceptive junk fees driving up costs for consumers," Cantwell said in a statement. Ticket fees can comprise 21% to as much as 58% of the total cost of tickets, according to a statement from the committee. The bill aims to promote competition "by delivering ticket fee and speculative ticket transparency for the benefit of all consumers," the committee said.
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