President Trump signed an executive order with Kid Rock by his side, targeting the live events ticketing industry to curb ticket scalping. The order mandates the Federal Trade Commission (FTC) to ensure price transparency during ticket purchases and to tackle unfair practices in the secondary market. This move aligns, albeit scarcely, with Biden's efforts to eliminate 'junk fees.' The order aims to deliver a report in six months on the situation, with recommendations for safeguarding consumers against anti-competitive conduct in the ticket industry.
Trump's executive order aims to improve price transparency and curb unfair practices in the live events ticketing industry, seeking to protect consumers from ticket scalping.
The order will direct the FTC to ensure enforcement of existing laws regarding ticket sales, reflecting bipartisan concern over 'junk fees' and the integrity of the ticket market.
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