WASHINGTON — The DC Council will hold a critical hearing on Wednesday regarding legislation that would dramatically restrict ticket resale prices in the District, setting up a showdown between concert venues that say scalpers are gouging fans and resale platforms warning the law could backfire.
The RESALE Act, introduced by Councilmember Charles Allen with seven co-sponsors, would cap ticket resales at just 10% above face value. The bill would make D.C. only the second jurisdiction in the nation to impose such strict price limits, following Maine, which enacted similar legislation this week.
More than 70 people have signed up to testify at Wednesday's 10 a.m. hearing, including artists, fans, and representatives from both sides of the contentious debate.
The Problem: dramatic price mark