Amends the Ticket Sale and Resale Act. Provides that a person or entity that does not have actual or constructive possession of an event ticket shall not sell, offer for sale, or advertise for sale the event ticket unless specified conditions are satisfied. A ticket issuer, ticket broker, or ticket reseller shall not offer for sale an event ticket unless the ticket issuer, ticket broker, or ticket reseller makes specified disclosures. Sets forth provisions concerning refunds, if an event is cancelled or postponed, and advertisements. Defines terms.
Senate Committee Amendment No. 1: Provides that whoever violates the amendatory provisions may be fined up to $5,000 for each offense (rather than shall be guilty of a Class A misdemeanor and may be fined up to $5,000 for each offense).
Senate Floor Amendment No. 2: Replaces everything after the enacting clause. Reinserts the bill as amended by Senate Amendment No. 1, except that it removes certain provisions concerning: refunds if an event is cancelled or postponed; and certain representations made in promotional materials or advertisements without the written consent of the venue, team, or artist. Makes other changes.

Statutes affected:
Introduced: 815 ILCS 414/1, 720 ILCS 375/1
Engrossed: 815 ILCS 414/1, 720 ILCS 375/1, 815 ILCS 414/2, 720 ILCS 375/2