President Trump signs executive order to crack down on ticket scalping
The order directs the Federal Trade Commission (FTC), the Department of Justice (DOJ), and state officials to enforce laws that prevent fans from being overcharged for the tickets.
President Donald Trump on Monday signed an executive order aimed at cracking down on the massive amount of ticket scalping and reselling that has taken place in recent years, resulting in record-high ticket prices.
Although initially-set ticket prices have not fluctuated much in recent years, scalpers and bots have notoriously grabbed up the tickets for high-demand events and concerts, including tickets to see award-winning performers like Taylor Swift, Beyonce and Ariana Grande, drastically increasing their prices.
The order directs the Federal Trade Commission (FTC), the Department of Justice (DOJ) and state officials to enforce laws that prevent fans from being overcharged for the tickets.
The directive also instructs the Treasury, FTC and DOJ to deliver a report within 180 days that summarizes the actions taken to address the issue of unfair practices, and make recommendations for additional regulations to help protect consumers.
Musician Kid Rock joined the president at the White House when he signed the order, and stated that price-gouging practices have been going on for over a decade. The artist is a known Trump supporter, and performed at the Republican National Convention last year.
“Anyone who’s bought a concert ticket in the last decade, maybe 20 years, no matter what your politics are, knows it’s a conundrum,” Kid Rock told reporters.
The president is not the first person to try and fix the ticket issues. Former President Joe Biden last year tried to crack down on junk fees from sellers like Live Nation, The Hill reported.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.