Modifications to Sports Agent Responsibility and Trust Act

The Sports Agent Responsibility and Trust Act (15 U.S.C. 7801 et seq.) is amended— (1) in section 3(b)(3), by striking Warning to Student Athlete: If you agree orally or in writing to be represented by an agent now or in the future you may lose your eligibility to compete as a student athlete in your sport.; and (2) by adding at the end the following: 9. Disclosure and consent relating to name, image, and likeness agreements (a) In general An athlete agent who assists a student athlete with an endorsement contract shall disclose to the student athlete— (1) whether the athlete agent is registered with an interstate intercollegiate athletic association (as defined in section 2 of the SPORTS Act); and (2) if registered with such an association, whether such association has as a member the institution (as defined in section 2 of the SPORTS Act) at which the student athlete is enrolled. (b) Consent In the case of an athlete agent that is not registered with an interstate intercollegiate athletic association (as defined in section 2 of the SPORTS Act), the athlete agent may only assist a student athlete with an endorsement contract if such student athlete (or, in the case of a student athlete who is under 18 years of age, the parent or guardian of such student athlete) provides to the athlete agent written consent for such assistance after receiving a written disclosure from the athlete agent that the athlete agent is not registered with such an association..