President Donald Trump signed an executive order today aimed at ending price gouging for ticket resales in the live entertainment industry, according to White House staff secretary Will Scharf.
Kid Rock, who appeared at the Republican National Convention, was present for the signing.
“Thank you for making this happen so quick,” the singer told Trump. “Anyone whose bought a concert ticket in the last decade, many 20 years, no matter what your politics are, knows this is a conundrum.”
The order directs the Federal Trade Commission (FTC) to work with Attorney General Pam Bondi to ensure competition laws are enforced in the concert and entertainment industry and uphold price transparency throughout all stages of the ticket-buying process for consumers, a White House official said earlier.
The issue of price gouging took center stage during Taylor Swift’s Eras Tour, when resale prices hit tens of thousands of dollars.
This post was updated with Trump signing the EO and with some of Kid Rock’s remarks.
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