"Rep. Bill Pascrell (D-8th Dist.) will announce federal legislation intended to overhaul the concert ticket industry and improve fans' chances of scoring tickets to their favorite acts.Chuck Schumer is also introducing similar legislation, and the NY Times posted some thoughts on that.
The BOSS ACT (Better Oversight of Secondary Sales and Accountability in Concert Ticketing) [which is a clever acronym based on Bruce Springsteen's nickname] will require primary ticket sellers to disclose the number of tickets available for sale to the public and the number held back for fan clubs, presales and artist allocations, Pascrell told The Star-Ledger.
The bill would also prohibit brokers from purchasing tickets during the first 48 hours of the primary sale. It also makes it illegal for any primary ticket seller, promoter, artist or their employees to resell tickets to events they are involved in at more than their face value." [The Star Ledger]