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Committee replaces proposed $3 resale cap with 10% after competing testimony
Summary
After hours of testimony from DCCA, promoters, venues and resale platforms, the House committee amended SB3019 on March 18 to replace a proposed $3 cap on ticket resales with a 10% cap and advanced the bill, while asking the Consumer Protection Committee to consider additional bot-ban and transparency language.
A House committee on March 18 amended and advanced SB3019, a bill intended to limit inflated ticket-resale prices, voting to change the originally proposed $3 markup cap to a 10% cap after extended testimony from consumer-protection officials, venue operators and resale platforms.
The executive director of the Office of Consumer Protection (Department of Commerce and Consumer Affairs) opposed the measure as written, warning that aggressive resale caps could push buyers to unregulated channels and overwhelm the agencys enforcement resources. "If we pass this bill, it…
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