Fan Freedom and Community Protection Act of 1996

[AI summary unavailable — showing source text] Fan Freedom and Community Protection Act of 1995 - Provides that where a professional sports league approves the relocation of a team from a community in which the team has been located for at least ten years: (1) the registered mark that is used to identify the team becomes the property of the league; (2) the league shall reserve the mark for use only by the community from which the team is relocating until the earlier of the mark's expiration or the date on which the community informs the league that a team will not be using the mark; and (3) the mark may not be used by another team in the same league. (Sec. 4) Requires a team owner seeking to relocate the team to provide notice to the local government for the community in which the team's stadium or arena is located, the owner or operator of such stadium or arena, and each team that is a member of the professional sports league not later than 180 days before the commencement of the season in which the team is to play in the new community. (Sec. 5) Directs the league, within a year after the submission of the name of an investor to a league, to grant to the investor a new expansion professional sports team franchise at a fee no g…