President 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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