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H.R. 3950, TICKET Act (CBO Report for Congress)

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Congress 118th
Date Requested Dec. 6, 2023
Requested By House Committee on Energy and Commerce
Date Sent March 1, 2024
Description:
The bill would require companies that issue tickets or that sell tickets on the secondary market to clearly display the total price of any ticket, including itemizing any fees not included in the base ticket price. That requirement would apply to live events at venues with an attendance capacity of 200 people or more. The FTC would enforce those requirements. Based on the cost of similar provisions, CBO estimates that implementing H.R. 3950 would cost the FTC $4 million to issue guidance and to monitor and enforce violations. In addition, CBO estimates that enacting the bill could increase civil penalty collections, which are recorded in the federal budget as revenues, by an insignificant amount.

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