Bill > SB2503

This bill, known as the "Fair Access to Non-Inflated Seats (FANS) Act," aims to regulate ticket sales in Tennessee by defining key terms like "bot" (software used to bypass purchase limits), "original total price" (the initial cost of a ticket), "primary ticket seller" (those selling tickets at their first release), "professional reseller" (someone selling over 50 resale tickets annually), and "speculative ticket" (a ticket not yet in the reseller's possession). It prohibits resellers from selling speculative tickets and from participating in ticket presales without authorization, and it allows artists or venues to restrict ticket transferability if clearly disclosed to buyers. The act mandates full refunds for counterfeit or misrepresented tickets and sets limits on resale fees, capping them at 10% of the original ticket price, with only state and local sales tax allowed as additional charges beyond the original price. Furthermore, it holds resale platforms liable if they facilitate sales of tickets acquired using bots and requires sellers to certify they possess the tickets and obtained them legally, while platforms must disclose seller information and maintain complaint mechanisms. Violations are subject to penalties under the Tennessee Consumer Protection Act, with significant civil penalties for non-compliance, and the Attorney General will establish a reporting website and issue annual enforcement reports.

Business and Industry

https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2503&ga=114