Consumer Affordability and Pricing Concessions Act

The Consumer Affordability and Pricing Concessions Act regulates food and beverage sales at large stadiums that receive public funding, excluding university venues. It requires stadium operators to ensure concession contracts encourage small businesses to lease or sublicense selling locations and prohibits charging these small businesses fees for the right to sell items. Additionally, the bill caps concession prices at no more than 7 percent above the local market rate. The Federal Trade Commission is tasked with enforcing these rules by treating violations as unfair or deceptive acts under existing federal law.