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House committee weighs 110% cap, registration and bans on deceptive ticket resale practices in H.512
Summary
The Commerce & Economic Development committee examined amendments to H.512 that would impose a 110% cap on ticket resales, ban speculative listings and deceptive site behavior, require registration for high-volume resellers, and fund a consumer-education campaign; witnesses split over the price cap’s likely effects.
Legislative counsel and witnesses on Jan. 29 laid out competing views on a strike-all amendment to H.512 that would regulate the event ticket resale market in Vermont.
Cameron Wood, legislative counsel, told the House Commerce & Economic Development committee the bill would create a new subchapter in 9 BSA chapter 63 titled "event tickets," with definitions and multiple consumer protections. "A ticket reseller or a ticket issuer shall not charge more than 110% of the total price of an original ticket, which includes taxes and fees," Wood said, describing subsection (b) as a 10% markup cap on resale prices.
Supporters said the cap and related rules would curb fraud and deceptive marketing. "When you put the 10% cap on there, it's just taken away the reason to resell those tickets," said Susan Evans McClure, executive director of the Vermont Earth…
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