Plain English Breakdown
The bill summary and text do not provide information on how strictly this law will be enforced or what happens if someone accidentally breaks the rule without knowing it was speculative.
Law Against Selling Fake Event Tickets
This law stops third-party sellers from selling tickets they don't actually have for events and sets up rules for the state to punish violators.
What This Bill Does
- Defines a 'speculative ticket' as one that isn't in the seller's hands when it is sold, advertised, or listed online.
- Forbids third-party sellers from selling speculative tickets.
- Requires the Tennessee Attorney General’s office to enforce this law and set up ways for people to report violations.
- Sets a penalty of $5,000 for each time someone breaks this rule.
Who It Names or Affects
- Third-party ticket resellers who sell event tickets online or through other means.
Terms To Know
- Speculative ticket
- A ticket that a seller claims to have but actually doesn't own, possess, or has an agreement for at the time of sale.
Limits and Unknowns
- The law only applies to third-party sellers and does not cover primary sellers like event organizers.
- It is unclear how strictly this will be enforced or what happens if someone accidentally breaks the rule without knowing it was speculative.