Limitation on liability for transmission of collegiate sports competitions

(a) In general Section 1 of the Sports Broadcasting Act of 1961 (15 U.S.C. 1291) is amended— (1) by striking That the and inserting the following: 1. Exemption of certain agreements from antitrust laws (a) Professional sports The; and (2) by adding at the end the following: (b) College sports The antitrust laws, as defined in subsection (a), shall not apply to any joint agreement, by or among institutions engaging in or conducting organized intercollegiate sports, or conferences that have such institutions as members, to form and operate a covered entity that complies with and enforces the requirements of section 5 and sells or otherwise transfers to a third party all or any part of the rights of the institutions or conferences in the sponsored telecasting of the intercollegiate athletic competitions engaged in or conducted by the institutions or conferences.. (b) Technical and conforming amendments The Sports Broadcasting Act of 1961 is amended— (1) in section 2 (15 U.S.C. 1292)— (A) by striking Section 1 and inserting Section 1(a); and (B) by striking in section 1 and inserting in section 1(a); (2) in section 3 (15 U.S.C. 1293), by striking section 1 each place it appears and inserting section 1(a); and (3) in section 4 (15 U.S.C. 1294), by striking section 1 and inserting section 1(a).