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Sports Agent Responsibility and Trust Act

Introduced: October 3, 2002 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 3, 2002
Read twice and referred to the Committee on Commerce, Science, and Transportation. (text of measure as introduced: CR S9906-9907)
Oct 3, 2002
Sponsor introductory remarks on measure. (CR S9906)
Oct 3, 2002
Introduced in Senate
 Plain-English summary Congressional Research Service
Sports Agent Responsibility and Trust Act - Prohibits an athlete agent from: (1) recruiting or soliciting a student athlete to enter into an agency contract by giving false or misleading information, making a false promise or representation, or providing anything of value to the athlete or anyone associated with the athlete before entering into such contract; (2) entering into an agency contract with a student athlete without providing the required disclosure document; or (3) predating or postdating an agency contract.

Requires an athlete agent, in conjunction with entering into an agency contract, to provide to the athlete (or, if the student athlete is under age 18, to such athlete's parent or legal guardian) a separate disclosure document that includes notice that if the athlete agrees orally or in writing to be represented by an agent, he or she may lose eligibility to compete as a student athlete. Requires both the student athlete and the agent, within 72 hours or before the athlete's next athletic event, whichever occurs first, to notify the athletic director of the athlete's educational institution that the athlete has entered into an agency contract.

Treats a violation of this Act as an unfair or deceptive act or practice under the Federal Trade Commission Act. Authorizes civil actions by State attorneys general.

What's happening now October 3, 2002

Read twice and referred to the Committee on Commerce, Science, and Transportation. (text of measure as introduced: CR S9906-9907)

 Committees of jurisdiction 1