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Labrish
Nyuuz
Lawmakers propose ticket resale price caps in California and New York
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[QUOTE="Queen, post: 86493, member: 27"] Two state lawmakers are pushing bills to kill massive ticket markups, with California targeting a 10% cap and New York proposing zero resale profit allowed. Assembly member Matt Haney introduced the California Fans First Act [LIST] [*]Haney filed the bill last Thursday in the California state legislature. [*]The measure would ban concert ticket resales above 10% of face value. [*]Live events like concerts, comedy shows, and theatrical productions are covered. [*]Sporting events are excluded from the proposed legislation entirely. [/LIST] Ticket buyers are paying more than double on the secondary market [LIST] [*]Some tickets with face values under $80 resold for over $1,000. [*]Professional scalpers and bots buy up tickets in seconds, Haney claims. [*]The bill aims to put the concert experience back with fans. [*]Haney chairs the Committee on Downtown Recovery in the assembly. [/LIST] Senator James Skoufis wants New York resale prices capped at face value [LIST] [*]The proposed amendments would allow zero markup on resold tickets whatsoever. [*]The total resale price cannot exceed the initial ticket price with all fees. [*]Skoufis is also calling for a cap on ticketing fees overall. [*]The senator wants to ban speculative ticketing by brokers entirely. [/LIST] Maine is the only US jurisdiction with a resale price cap [LIST] [*]The UK government announced plans to ban above-price resales in November 2025. [*]Over 130 signatories backed an EU letter about unauthorized ticket resale. [*]The Digital Fairness Act is under development to strengthen consumer protections. [*]Signatories from 23 countries want the act expanded to tackle resale abuse. [/LIST] [/QUOTE]
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Nyuuz
Lawmakers propose ticket resale price caps in California and New York
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