New York lawmakers are moving to clamp down on soaring concert ticket resale prices, putting the secondary market back under scrutiny.
A bill introduced this week in the New York State Senate would cap resale prices so tickets cannot be sold for more than their original face value, including fees and taxes. The proposal was put forward as part of a broader review of the state’s ticketing laws, several of which are scheduled to expire later this year.
The measure targets ticket resellers and brokers who often list high-demand concert tickets at steep markups. Supporters say the cap would limit price gouging and give fans a fairer shot at attending live shows without paying several times the original cost.
Details of the proposal were outlined in an industry report published by Billboard, which notes that the bill would amend existing ticketing statutes rather than create an entirely new regulatory framework.
The legislation has been introduced but has not yet advanced through committee. If passed, it would represent one of the strictest state-level limits on ticket resale pricing in the country.