• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump signs executive order to protect Americans from ‘exploitive ticket scalping’ in entertainment industry

by April 1, 2025
written by April 1, 2025

President Donald Trump signed an executive order to protect Americans from ‘exploitive ticket scalping’ in the concert and entertainment industry, Fox News Digital has learned. 

The president signed the order Monday evening in the Oval Office. Kid Rock joined the president for the signing ceremony. 

The president’s executive order directs the Federal Trade Commission to work with the attorney general to ensure that competition laws are enforced in the concert and entertainment industry. 

The order also enforces the Better Online Ticket Sales (BOTS) act and promote its enforcement by state consumer protection authorities. 

The president’s order also ensures price transparency at all stages of the ticket-purchasing process, including through the secondary ticketing market; and will evaluate, and, if appropriate, take enforcement action to prevent ‘unfair, deceptive, and anti-competitive conduct’ in the secondary ticketing market.

The president’s order also directs the attorney general and Treasury secretary to ensure that ticket scalpers are operating in full compliance with the Internal Revenue Code and other laws. 

Under the order, the Treasury Department, DOJ, and the FTC will deliver a report within 180 days summarizing the actions taken to address the issue of unfair practices in live concert and entertainment industry and will recommend additional regulations or legislation needed to protect consumers. 

The order comes after President Trump, on the campaign trail, vowed to work to combat high ticket prices. While campaigning, the president described the current system where fans are priced out as ‘very unfortunate.’ 

A White House official told Fox News Digital that the president is ‘committed to making arts and entertainment that enrich Americans’ lives as accessible as possible.’ 

The official said that America’s live concert and entertainment industry has a total nationwide economic impact of $132.6 billion and supports 913,000 jobs. 

‘But it has become blighted by unscrupulous middle-men who impose egregious fees on fans with no benefit to artists,’ a White House official said. 

‘Ticket scalpers use bots and other unfair means to acquire large quantities of face-value tickets, then re-sell them at an enormous markup on the secondary market, price-gouging consumers and depriving fans of the opportunity to see their favorite artists without incurring extraordinary expenses,’ a White House official said. ‘By some reports, fans have paid as much as 70 times the face value of a ticket price to obtain a ticket.’ 

The official added that when this occurs, the artists ‘do not receive any additional profit—it goes solely to the scalper and the ticketing agency.’ 

‘Anyone who’s bought a concert ticket in the last decade, maybe 20 years, no matter what your politics are, knows it is a conundrum,’ Kid Rock said Monday. ‘If you buy a ticket for 100 bucks by the time you check it out, it’s 170. You don’t know what you can charge for it, but more importantly, these bots you know, they come in to get all the good tickets to your favorite shows you want to go to, and then they’re relisted immediately for sometimes a 4 or 500% markup.’ 

Kid Rock explained that the artists ‘don’t see any of that money.’ 

President Trump, upon signing the order, said that the move is ‘a big step to getting this stopped.’ 

In a statement late Monday, Live Nation said it supports the president’s action: ”Scalpers and bots prevent fans from getting tickets at the prices artists set, and we thank President Trump for taking them head-on. We support any meaningful resale reforms — including more enforcement of the BOTS act, caps on resale prices, and more.’

Live Nation CEO Michael Rapino posted on X, thanking President Trump and Kid Rock for ‘taking ticket-scalping head on.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Anna Paulina Luna resigns from House Freedom Caucus, says ‘mutual respect’ was ‘shattered’
next post
Hawley officially a yes on Dr. Oz after securing commitments on transgender, abortion issues

related articles

Trump warns of ‘serious consequences’ if Elon Musk...

June 7, 2025

Musk jokes about reconsidering stance on Big Beautiful...

June 7, 2025

Musk deletes explosive posts about Trump and Epstein...

June 7, 2025

House witness flips script on Dem who ambushed...

June 7, 2025

Trump’s conservative allies warn Congress faces critical ‘test’...

June 7, 2025

Call with China’s Xi, and Trump-Musk exchange fueled...

June 7, 2025

TIMELINE: Inside the evolving relationship between Trump and...

June 7, 2025

Deadly drone wars are already here and the...

June 7, 2025

FLASHBACK: Musk accused Trump, GOP leaders of not...

June 7, 2025

‘Right down the line’: Medicaid reform in ‘big,...

June 7, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Truth Social Stock Price: Trump’s Return to X

    August 27, 2024
  • GREG GUTFELD: Biden is like ‘the mad King, a senile dude’ who can barely hold on to the presidency

    July 10, 2024
  • Nikkei 225 index forms a bullish pattern ahead of Japan GDP data

    August 14, 2024
  • AT&T, other phone companies sued over stolen nude images could face liability after court ruling

    July 30, 2024
  • Europe market open: stocks inch up as trade war fears linger

    April 11, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,862)
  • Investing (624)
  • Stock (791)

Latest Posts

  • Chip Roy follows Trump’s lead with bill to ‘beat China’ on trade

    April 3, 2025
  • Trump names latest Cabinet picks as Jan. 20 inauguration nears

    January 10, 2025
  • Dell Stock Beyond the Expectations: Q2 Highlights

    August 30, 2024

Recent Posts

  • Indian markets open: Nifty & Sensex poised for strong start, but trade war shadows remain

    April 11, 2025
  • Biden’s autopen use questioned amid released audio from Special Counsel Hur interview

    May 17, 2025
  • Store closures hit highest level since pandemic — see who’s shutting down the most locations

    January 24, 2025

Editor’s Pick

  • The long line of the papacy: Francis’ death renews focus on the church’s most powerful figures

    April 22, 2025
  • Trump’s newest executive order moves to end collective bargaining at agencies safeguarding national security

    March 28, 2025
  • AI ETFs – A New Way For Conquering the Financial World!

    July 31, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock