Obama Signs Bill To Prevent Bots From Snatching Up Event Tickets

WASHINGTON (CBSNewYork) -- President Barack Obama has signed a bill preventing bots from snatching up event tickets.

As WCBS 880's Kelly Waldron reported, many fans looking to grab a ticket for their favorite concert or Broadway show have been disappointed to find all the tickets snatched up from within seconds of their online debut.

The Better Online Ticket Sales Act, or BOTS Act is intended to prevent that.

"It eliminates that problem of these large companies scooping everything up with their robots and their computers," said U.S. Rep. Frank Pallone (D-N.J.)

While Pallone said the move is a step in the right direction, he is hopeful another piece of legislation he has named the Better Oversight of Secondary Sales and Accountability in Concert Ticketing Act – or BOSS Act – will provide even more transparency down the road – especially when it comes to ticket prices.