Bill > HB1374

This bill prohibits third-party ticket resellers from selling or offering "speculative tickets," which are defined as tickets that are not physically in the possession, ownership, or under contract to be transferred to the reseller at the time of sale. The bill requires ticket resale websites and platforms to prevent the listing or sale of such speculative tickets. The division of consumer affairs within the Tennessee Attorney General's office will be responsible for enforcing this prohibition and has the authority to assess a penalty of $5,000 for each violation, with each instance of selling or offering a speculative ticket considered a separate violation. This legislation aims to protect consumers by ensuring that ticket resellers only sell tickets they actually have the ability to transfer, which could help prevent fraud or situations where consumers purchase tickets that may not actually be available. The law is set to take effect on July 1, 2025, and will apply to any ticket sales conduct occurring on or after that date.

Business and Industry

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1374&ga=114