The Boss Act as it’s being called is the latest attempt to restrict the resale of tickets in the secondary market in the name of the consumer. Among the requirements are:
Prohibiting ticket brokers from purchasing tickets during the first 48 hours of the primary sale and making it illegal for any primary ticket seller, promoter, artist or any of their employees to resell tickets to events they are involved in at more than their face value.
The bill also requires the primary ticket sellers such as Ticketmaster to disclose how many tickets are going to be sold, how all the tickets for the event are going to be distributed and the price of the tickets. The bill would further require ticket brokers to register with the federal government, disclose the purchase price and where they bought the tickets.
Rep. Bill Pascrell says he wants to protect the consumer from the reselling of tickets but he will only succeed in helping create a monopoly for the original seller to post the premium seats as VIP seats and charge what they want without any competition. And what other business is required to say how much and where they got their product from before selling it to a consumer, crazy stuff!
All this for a commodity that is already protected by law to be able to be sold at market value just as most anything else in the United States including homes. Now if he really wanted to help the consumer, couldn’t Rep. Bill Pascrell try to get the same restrictions on home sales that have devastated this country!