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House committee weighs H.512 amendment to cap resale prices at 110%; arts groups back cap, platforms warn of enforcement risks
Summary
The Legislative Counsel presented draft 2.2 to amend H.512 to require reseller disclosures, accuracy of availability claims and a 110% cap (including taxes and fees) on resale prices. The Vermont Arts Council and the Attorney General supported the changes; platform witnesses warned caps could raise fraud and present verification challenges.
The House Commerce & Economic Development Committee considered draft 2.2 of H.512 on Feb. 18, a proposed amendment that would regulate secondary ticket resale markets through consumer disclosures, accuracy requirements and a resale-price cap.
Cameron Wood of the Office of Legislative Council summarized the changes and new language in the bill, saying the amendment seeks to ensure customers know whether they are buying from an original issuer or a reseller and to prevent exchanges from misleading customers about ticket availability. Wood described a proposed price cap provision and recommended clarifying that taxes and fees be included in the cap…
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