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 inserting Notice to Student Athlete:; 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 in writing to the student athlete— (1) whether the athlete agent is registered with an interstate intercollegiate athletic association (as defined in section 2 of the SCORE Act); and (2) if the athlete agent is registered with an interstate intercollegiate athletic association, whether the athlete agent is registered with the interstate intercollegiate athletic association that has as a member the institution (as defined in section 2 of the SCORE Act) at which the student athlete is enrolled. (b) Consent In the case of an athlete agent who is not registered with an interstate intercollegiate athletic association, the athlete agent may only assist a student athlete with an endorsement contract if the student athlete (or, in the case of a student athlete who is under 18 years of age, the parent or guardian of the student athlete) provides to the athlete agent written consent for such assistance after receiving the disclosure under subsection (a). (c) Enforcement (1) In general If an attorney general of a State has reason to believe that an interest of the residents of that State has been or is threatened or adversely affected by the engagement of any athlete agent in a practice that violates this section, the attorney general may bring a civil action pursuant to section 5 in the same manner as the attorney general may bring a civil action with respect to a violation of section 3. (2) Sole authority No individual or entity other than an attorney general of a State may enforce this section. (3) No Federal notice necessary Subsections (a)(2), (b), and (d) of section 5 do not apply to an action brought by an attorney general of a State pursuant to this subsection..

The Sports Agent Responsibility and Trust Act (15 U.S.C. 7801 et seq.) is amended— (1) in section 3(a)— (A) by redesignating paragraphs (2) and (3) as paragraphs (4) and (5), respectively; and (B) by inserting after paragraph (1) the following: (2) charge a student athlete a fee with respect to an endorsement contract that is in an amount that is greater than 5 percent of the amount of the compensation provided to such student athlete under such contract; (3) enter into an agency contract with a student athlete that does not include a provision specifying that the student athlete may terminate the agency contract, notwithstanding any other term described in the agency contract, beginning on the date that is 6 months after the date on which the student athlete is no longer enrolled at any institution (as defined in section 2 of the SCORE Act);; (2) 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 inserting Notice to Student Athlete:; and (3) 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 in writing to the student athlete— (1) whether the athlete agent is registered with an interstate intercollegiate athletic association (as defined in section 2 of the SCORE Act); and (2) if the athlete agent is registered with an interstate intercollegiate athletic association, whether the athlete agent is registered with the interstate intercollegiate athletic association that has as a member the institution (as defined in section 2 of the SCORE Act) at which the student athlete is enrolled. (b) Consent In the case of an athlete agent who is not registered with an interstate intercollegiate athletic association, the athlete agent may only assist a student athlete with an endorsement contract if the student athlete (or, in the case of a student athlete who is under 18 years of age, the parent or guardian of the student athlete) provides to the athlete agent written consent for such assistance after receiving the disclosure under subsection (a). (c) Enforcement (1) In general If an attorney general of a State has reason to believe that an interest of the residents of that State has been or is threatened or adversely affected by the engagement of any athlete agent in a practice that violates this section, the attorney general may bring a civil action pursuant to section 5 in the same manner as the attorney general may bring a civil action with respect to a violation of section 3. (2) Sole authority No individual or entity other than an attorney general of a State may enforce this section. (3) No Federal notice necessary Subsections (a)(2), (b), and (d) of section 5 do not apply to an action brought by an attorney general of a State pursuant to this subsection..