Executive Order
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Combating Unfair Practices in the Live Entertainment Market
AI Summary:
This is a policy document - specifically an Executive Order issued by the President addressing unfair practices in the live entertainment ticket market. This regulation aims to combat ticket scalping and market manipulation in the entertainment industry by directing multiple federal agencies to take specific actions. The Executive Order instructs the Attorney General and Federal Trade Commission (FTC) to enforce competition laws, rigorously implement the Better Online Tickets Sales Act, and ensure price transparency in ticket sales. The order requires the FTC to evaluate and prevent unfair and deceptive conduct in the secondary ticket market, and directs the Treasury Secretary and Attorney General to ensure ticket scalpers comply with tax and other applicable laws. Within 180 days, the Secretary of the Treasury, Attorney General, and FTC Chairman must submit a joint report detailing their implementation actions and recommending potential regulations or legislation to protect consumers in the live entertainment industry. The order emphasizes protecting consumers and ensuring fair access to entertainment by addressing market distortions caused by scalpers and middlemen who markup ticket prices dramatically.