AN ACT to amend Tennessee Code Annotated, Title 47, relative to ticket sales.
Impact
The bill's provisions directly affect existing laws concerning ticket sales and resales, aiming to eliminate practices that disadvantage consumers, such as the use of bots to secure tickets and the sale of tickets that the reseller does not possess. By capping resale prices to no more than the original ticket price plus a minimal percentage in fees, HB2339 seeks to create a fairer ticket purchasing experience for consumers. It enforces compliance through significant penalties, such as a base penalty of $15,000 for each day a violation occurs, ensuring robust enforcement against offending resellers.
Summary
House Bill 2339, known as the 'Fair Access to Non-Inflated Seats (FANS) Act', is designed to amend the Tennessee Code Annotated, Title 47, focusing on ticket sales, particularly the resale market. This legislation is aimed at enhancing consumer protection by instituting restrictions on third-party ticket resellers, prohibiting them from selling speculative tickets and implementing penalties for violations. By defining key terms related to ticket sales, such as 'professional reseller' and 'resale platform', the bill outlines the roles and responsibilities of those involved in ticket transactions.
Contention
While the primary focus of HB2339 is to protect consumers from unscrupulous practices in the ticket resale market, there may be contention surrounding its enforcement and the capabilities of resellers. Questions could arise regarding the feasibility of tracking and monitoring compliance among numerous ticket platforms and resellers. Additionally, some stakeholders in the event industry may argue that such regulations could limit their ability to respond to market demands, especially in cases where pricing strategies vary dramatically based on demand for specific events.