1. Short title This Act may be cited as the Unlock Ticketing Markets Act of 2023 . 2. Prohibition on exclusive venue ticketing contracts with an excessive duration (a) Prohibition No primary ticketing service provider may enter into, or attempt to enter into, an exclusive venue ticketing contract if the contract is for an excessive duration, as determined by the Commission under subsection (b). (b) Rulemaking (1) In general For purposes of subsection (a), not later than 180 days after the date of enactment of this Act, the Commission shall promulgate rules in accordance with section 553 of title 5, United States Code, to define the period of time that constitutes an excessive duration, with respect to an exclusive venue ticketing contract, subject to the limitation in paragraph (2). (2) Limitation The minimum period of time that constitutes an excessive duration, with respect to an exclusive venue ticketing contract, shall be more than 4 years. (c) Enforcement (1) Unfair method of competition A violation of subsection (a) or a regulation promulgated thereunder shall be treated as an unfair method of competition under section 5(a)(1) of the Federal Trade Commission Act ( 15 U.S.C. 45(a)(1) ). (2) Powers of the Commission (A) In general The Commission shall enforce subsection (a) and any regulations promulgated thereunder in the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act ( 15 U.S.C. 41 et seq. ) were incorporated into and made a part of this Act. (B) Privileges and immunities Any person who violates subsection (a) or a regulation promulgated thereunder shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act ( 15 U.S.C. 41 et seq. ). (C) Authority preserved Nothing in this Act shall be construed to limit the authority of the Commission under any other provision of law. (D) Rulemaking The Commission shall promulgate in