President Signs Executive Order to Address High Concert Ticket Prices

President Donald Trump signed an executive order Monday aimed at addressing high concert ticket prices and ticket scalping.

The order tasks Attorney General Pam Bondi and Treasury Secretary Scott Bessent with ensuring IRS rules apply to ticket resales, directs the Federal Trade Commission (FTC) to enforce price transparency for ticket sales, and instructs the FTC to take enforcement action to prevent unfair, deceptive, and anti-competitive conduct in the secondary ticketing market.

“America’s live concert and entertainment industry has a total nationwide economic impact of $132.6 billion and supports 913,000 jobs,” a White House fact sheet on the order read. “But it has become blighted by unscrupulous middle-men who impose egregious fees on fans with no benefit to artists.”

Kid Rock, who appeared beside President Trump during the signing, said, "I want the fans to have fair ticket prices. There’s plenty of money to go around. Nobody’s going to lose here."

Affected agencies have six months to take their initial steps and recommend any other legislation or policy to protect consumers in the event ticket market.

This move follows a similar effort by President Joe Biden's administration, which sued Ticketmaster and Live Nation Entertainment, alleging they ran a virtual monopoly over ticket sales and caused customers to pay unfair prices. Fans of Taylor Swift have also recently brought suit against the companies, alleging violation of antitrust laws.