President Donald Trump signed an executive order on Monday aimed at cracking down on ticket scalping and fees that drive up the costs of attending live events for consumers. The order directs the Federal Trade Commission to work with the Department of Justice to ensure that competition laws are enforced in the concert and entertainment industry " including the Better Online Ticket Sales, or BOTS, Act " and pushes state consumer protection authorities on enforcement, according to a fact sheet seen by Bloomberg News. It also seeks to "ensure price transparency at all stages of the ticket-purchase process, including the secondary ticketing market." Attorney General Pam Bondi and Treasury Secretary Scott Bessent will be asked to ensure that ticket resellers are complying with the tax code and other laws.
The Treasury Department, DOJ and the FTC will also be directed to deliver a report within 180 days on the actions they've taken and to recommend additional regulations or legislation to protect consumers in the live concert and entertainment industry.
The order was first reported by TMZ.
In other news:
S&P 500 and Nasdaq end worst quarter since 2022 as new tariffs loomBut hey, at least I can save a few bucks on frivolous garbage music tickets.
www.msn.com
Thanks Trump, for running the US economy like he ran his bankrupted casinos. I'm sure the blatant stock manipulation has earned him a few bucks, though, so that's nice.
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