Sen. Schumer Proposes New Federal Scalping Law

[The Straight Story]

Sen. Schumer Proposes New Federal Scalping Law

With the backdrop of this morning's second round of U2 tickets for their fall concert in New York, U.S. Senator Charles E. Schumer unveiled new legislation to improve fans' chances of getting tickets at face price and crack down on ticket resellers. The legislation imposes a two-day waiting period from when tickets go on sale via an authorized sales channel before a ticket reseller can buy those tickets to put on the secondary market, according to a press release.

Schumer's legislation is geared to help ensure fans get first crack at good seats at face value prices before ticket resellers buy up tickets to sell on the secondary market. Schumer's legislation also requires ticket resellers to obtain a federal registration number from the FTC, and post that number in conjunction with all ticket re-sales on brokerage website and through other means.

Schumer's legislation will be introduced when the Senate goes back in session in two weeks and then it must be passed by both House and the Senate and signed by President Obama before it becomes law.

Tickets for U2's performances, including the second and final performances in Chicago, Boston and New York are on sale on Ticketmaster this morning at 10am. The tour is produced by Live Nation, which is in talks to merge with Ticketmaster Entertainment pending regulatory approval.

Schumer also announced yesterday that he has discussed his proposed legislation with Ticketmaster and that Ticketmaster supports his proposal as well as his efforts to reform and bring more transparency to the resale industry. Schumer said that he will meet with the heads of Ticketmaster and other ticket distributors to discuss a possible code-of-conduct for ticket reselling in New York and across the country.

http://www.billboard.com/bbcom/news/sen-schumer-proposes-new-federal-scalping-1003959160.story

[Robb]

1. Thank goodness the important work is still getting done. nt

:eyes:

[bluestateguy]

2. "There outta be a law..."

This is the kind of mentality that only inflates the prison population.

[marmar]

3. Chuck Schumer is a largely useless sack of flesh, I've concluded.....

n/t

[liberalhistorian]

4. Um, yeah, okay. 'Cause there just aren't

any other issues or problems more important than this one and everything else can just wait. Yeah, alright. Talk about a stupid pandering waste of time and energy.

[Dogmudgeon]

5. HANDS OFF THE SCALPERS!

:eyes:

--d!

[Warpy]

6. Schumer is a grandstanding sack of shit

and this is a CITY problem or a STATE problem and not HIS problem.

He's probably pissed off because some relative wanted to go to a concert and mass buyers grabbed all the good seats.

Scalping is a problem that really should be taken care of by ticketing agencies. If they won't, then the city or state needs to step in.

It's just not HIS problem.

[droidamus2]

7. what's the problem

I have no problem with this idea with one small exception. If I go out and I want to get 2 seats to U2 for myself and my significant other why shouldn't I be able to buy let's 4 or 5 tickets in the hopes of being able to sell the extra tickets at enough profit to cover my own 2 tickets. So in the end I guess what I would support the waiting period with maybe some limit on how many tickets one person could buy. Of course you end up with exceptions like say I have a group of 10 friends that all want to go to the concert but are working when tickets go on sale so I am assigned to get the tickets. If there is a limit of say 5 tickets per purchaser then I can't buy for all my friends.

[rucky]

8. From the title, I thought this was going to be about credit card companies.

from Schumer? yeah, right.

[BlooInBloo]

9. Nice to see that he's focussed on the important issues of our day.

[WCGreen]

10. How about going after Live Nation and Ticket Master for charging

usarish rates just to print out the fucking ticket...

[ddeclue]

11. STFU Charley...

This is ridiculuous.. we don't need a FEDERAL law to handle scalping. Focus on getting people JOBS.

:argh: