President Trump’s executive order aims to protect artists and fans from unfair practices in the live entertainment market, specifically by cracking down on ticket scalpers who acquire large quantities of face-value tickets and then resell them at an enormous markup. The order also seeks to promote price transparency and ensure that consumers have access to accurate information about ticket prices throughout the purchase process.
In terms of summary, this executive order outlines specific actions that various government agencies must take in order to implement the order’s provisions, including enhancing enforcement efforts related to competition laws and taking steps to promote price transparency in the secondary ticketing market. The order also requires a report to be submitted to the White House within 180 days detailing the actions taken by these agencies to ensure compliance with the order’s provisions.
Overall, President Trump’s executive order represents an effort to address concerns about unfair practices in the live entertainment industry and protect consumers from exploitation by ticket scalpers.
Read the full text of the order at the whitehouse.gov website.