Amendment ID: S2856-262

Amendment 262

Rights Holder and Operator

Mr. Rush moves that the proposed new text be amended in section 137 by inserting the following:-

Section 185E. RIGHTS HOLDER AND OPERATOR ESTABLISHMENT OF RESALE RULES AND RESTRICTIONS.

(a) A rights holder or operator may establish and enforce the terms and conditions by which a ticket to a live event may be transferred and resold, including but not limited to:

(1) prohibiting all ticket transfers or sales for any sum greater than the total cost of the ticket at the time of the primary sale;

(2) prohibiting all ticket transfers or sales for any sum greater than the total cost of the ticket at the time of the primary sale plus a percentage or dollar value increment set by the rights holder or operator;

(3) prohibiting ticket transfers or sales until a certain time;

(4) restricting all ticket transfers and sales to secondary ticket platforms who agree to the rights holder’s terms and conditions for resale; and

(5) requiring compensation to the rights holder or operator as a condition of approving ticket transfers and sales on secondary ticket platforms where the secondary sale results in a profit net of the original base price and any ancillary charges and taxes.