Joe Biden To Call For Congress To Place Limits On Concert Ticket Fees, TV And Internet Providers’ Early Termination Charges
deadline.comPresident Joe Biden wants limits placed on concert ticket fees and TV and internet providers’ early termination charges, as the White House seizes on the practices as a sign of lack of competition in various business sectors.
Biden will announce the proposals at a meeting of the President’s Competition Council on Wednesday. Also being highlighted is a Consumer Financial Protection Bureau rule to curb excessive credit card late fees, and a Department of Transportation rule to require airlines and booking sites to show the full price of an airline ticket upfront.
Additional proposals would be part of a Junk Fee Prevention Act, legislation that targets an array of fees placed on consumers.
The White House’s focus on concert ticket prices follows a Senate hearing last week that focused on that issue and competition in the ticketing industry, as lawmakers grilled Live Nation President Joe Berchtold about subsidiary Ticketmaster.
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