Billboard.biz:
With the backdrop of this morning’s second round of U2 tickets for their fall concert in New York, U.S. Senator Charles E. Schumer unveiled new legislation to improve fans’ chances of getting tickets at face price and crack down on ticket resellers. The legislation imposes a two-day waiting period from when tickets go on sale via an authorized sales channel before a ticket reseller can buy those tickets to put on the secondary market, according to a press release. Schumer’s bill does not make ticket reselling illegal. When ticket buyers need to sell their own tickets, or they want to attend an event and are willing to pay more not to be part of the initial on-sale, ticket reselling is acceptable, according to the release.