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Federal Trade Commission (FTC)

A U.S. government agency that works to protect consumers and ensure fair competition in the marketplace.

Concession Pricing Practices

The methods and strategies used by vendors at event venues to determine and set prices for food and drink items.

Public Subsidy

Financial support provided by the government, which can include direct grants, tax credits, economic development incentives, or tax-exempt bonds, often given to businesses or organizations.

Dynamic Pricing

A pricing strategy where the cost of goods or services changes in real-time based on factors like demand, inventory levels, or time of day.

Street Pricing

A pricing approach where the cost of food and drink items sold inside an event venue is intentionally aligned with prices for similar items sold by businesses in the surrounding community.

Covered Venue

A stadium or arena that meets specific criteria for the purposes of this bill, including receiving public funds, requiring ticketed entry, and selling food and drinks for events.

Legislative, Regulatory, and Industry Action