On Wednesday, President Joe Biden spoke up in support of the Junk Fee Protection Act, which aims to snuff out “excessive” fees added to event tickets sold online. If passed, the act will “lower the huge service fees that companies like Ticketmaster slap on tickets for concerts or sporting events that can easily add hundreds of bucks to a family’s night out,” said Biden during a meeting of his Competition Council.

“Congress should pass the Junk Fee Protection Act,” Biden added, “so we can crack down on these fees and give hard-working Americans just a little bit more breathing room.”

Though the finer details, like the definition of “excessive,” have yet to be defined, nor has the process for enforcing the bill, if the legislation passes, the finer details may set new industry standards. The president also shared his support of “all-in pricing,” the practice of disclosing all of the fees on the front end of ticket sales, and said he would ask lawmakers to require venue and ticket companies to disclose the number of holdback tickets.

“President Biden highlighted the need for more transparency as to how many tickets are made available to the public,” said Gary Adler, executive director and counsel of the National Association of Ticket Brokers in a statement. Through a scheme called slow ticketing, Live Nation/Ticketmaster commonly holds back large numbers of tickets before they go on sale to the public without any disclosures. It slowly releases more tickets over time to manufacture artificial scarcity and maintain demand for higher-priced tickets. It’s a deceptive marketing practice that should end. Ticket buyers deserve to know when and how many tickets will go on sale so that they can make more informed purchase decisions.”

It’s notable that on Tuesday, Jan. 24, the Senate Judiciary Committee held its highly anticipated hearing on competition in the ticket industry. “That’s the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment” lasted over three hours, during which lawmakers questioned entertainment industry executives, artists and antitrust experts. Read more here.

Since the hearing, Ticketmaster, who the president referred to in his speech by name, said it “strongly supports ticketing reforms that will benefit artists and fans, prevent fraud, and clean up fraudulent practices in resale markets. These basic steps should be the things everyone agrees on, including mandating all-in pricing and outlawing speculative ticketing. We stand ready to work with the President and Congress on many common sense ticketing reforms, while also speaking out against proposed legislation that would benefit scalpers over artists and fans.”