SB 117-64: GUTs Act - Passed
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  SB 117-64: GUTs Act - Passed		 « previous next »
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Author Topic: SB 117-64: GUTs Act - Passed  (Read 686 times)
Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« on: October 11, 2023, 10:54:08 PM »
« edited: October 20, 2023, 11:41:01 PM by PPT Dwarven Dragon »
Quote from: At-Large Senator DKrol on October 11, 2023, 06:04:44 PM
Quote
GUTs Act
An Act to Decrease Excessive Ticket Prices

Section 1: Title and Intent
1. This act shall be known as the "Olivia Rodrigo Getting U Tickets Act".
2. The intent of this act is to curb excessive ticket prices on re-sale markets.

Section 2: Cap on Re-Sale Prices
1. No ticketing platform, whether digital or physical in operation, may host, post, exchange, or offer for sale second-hand tickets to any concert, sporting event, or other public event at a cost of more than 200% of the face value of the ticket at the original point of sale.

Section 3: Sanctions
1. Any ticketing platform that is found in violation of this Act will be assessed a fine of not less than 200% of the platform's average annual profits or $1,000,000, whichever is greater, for the first offense.
2. Any ticketing platform that is found in violation of this Act will be assessed a fine of not less than 500% of the platform's average annual profits or $10,000,000, whichever is greater, for the second offense.
3. Any ticketing platform that is found in violation of this Act will be taken under federal administration and closed for business for the third offense.

Section 4: Enactment
1. This Act shall take effect January 1, 2024.

Sponsor: Dkrol
Occupying: Slot 17
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DKrol
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« Reply #1 on: October 12, 2023, 05:56:43 AM »
Thank you, Mr. President. Re-sale ticket prices have gotten out of hand. There is no reason why a ticket that sold for $150 on the original sale can be bought by a bot and then re-sold at $800 or more.
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fhtagn
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« Reply #2 on: October 12, 2023, 07:47:33 AM »
How does this conflict with the ticket resale regs passed last year? Found here:

https://talkelections.org/FORUM/index.php?topic=531942.0
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DKrol
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« Reply #3 on: October 12, 2023, 07:56:28 AM »
Quote from: f on October 12, 2023, 07:47:33 AM
How does this conflict with the ticket resale regs passed last year? Found here:

https://talkelections.org/FORUM/index.php?topic=531942.0

I think they compliment each other. The existing legislation deals with fees and unscrupulous re-sellers. This legislation deals with price gouging of ticket costs.
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« Reply #4 on: October 15, 2023, 10:54:28 PM »
motion for a final vote
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« Reply #5 on: October 16, 2023, 11:29:43 PM »
A final vote is beginning.

Aye
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Vice President Christian Man
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« Reply #6 on: October 17, 2023, 02:53:06 AM »
Aye
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DKrol
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« Reply #7 on: October 17, 2023, 04:46:39 AM »
Aye
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Dr. MB
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« Reply #8 on: October 18, 2023, 01:58:00 AM »
Aye
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At-Large Senator LouisvilleThunder
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« Reply #9 on: October 18, 2023, 06:24:43 AM »
Aye
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Jay 🏳️‍⚧️
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« Reply #10 on: October 18, 2023, 09:48:51 AM »
Nay.
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Coastal Elitist
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« Reply #11 on: October 18, 2023, 04:09:16 PM »
Nay
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nerd73
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« Reply #12 on: October 18, 2023, 09:51:31 PM »
Aye
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Esteemed Jimmy
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« Reply #13 on: October 19, 2023, 12:01:30 PM »
Aye
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LAKISYLVANIA
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« Reply #14 on: October 19, 2023, 12:30:37 PM »
Aye
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reagente
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« Reply #15 on: October 19, 2023, 01:08:32 PM »
Nay
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RFayette
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« Reply #16 on: October 19, 2023, 01:11:09 PM »
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fhtagn
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« Reply #17 on: October 19, 2023, 01:17:04 PM »
Nay
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ChiefFireWaterMike
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« Reply #18 on: October 19, 2023, 01:22:28 PM »
Nay
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #19 on: October 20, 2023, 04:52:21 PM »
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« Reply #20 on: October 20, 2023, 11:39:03 PM »
Quote from: PPT Dwarven Dragon on October 11, 2023, 10:54:08 PM
Passes 8-7-0-3
Quote from: At-Large Senator DKrol on October 11, 2023, 06:04:44 PM
Quote
GUTs Act
An Act to Decrease Excessive Ticket Prices

Section 1: Title and Intent
1. This act shall be known as the "Olivia Rodrigo Getting U Tickets Act".
2. The intent of this act is to curb excessive ticket prices on re-sale markets.

Section 2: Cap on Re-Sale Prices
1. No ticketing platform, whether digital or physical in operation, may host, post, exchange, or offer for sale second-hand tickets to any concert, sporting event, or other public event at a cost of more than 200% of the face value of the ticket at the original point of sale.

Section 3: Sanctions
1. Any ticketing platform that is found in violation of this Act will be assessed a fine of not less than 200% of the platform's average annual profits or $1,000,000, whichever is greater, for the first offense.
2. Any ticketing platform that is found in violation of this Act will be assessed a fine of not less than 500% of the platform's average annual profits or $10,000,000, whichever is greater, for the second offense.
3. Any ticketing platform that is found in violation of this Act will be taken under federal administration and closed for business for the third offense.

Section 4: Enactment
1. This Act shall take effect January 1, 2024.

Wall of Shame Vote 54:

AFE up to 6
Razze up to 5
Cao up to 3
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