HR 4701 · 107th Congress · Commerce
Sports Agent Responsibility and Trust Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 453.(2002-10-07)
Plain Language Summary
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Sports Agent Responsibility and Trust Act - Prohibits an agent from: (1) directly or indirectly recruiting or soliciting a student athlete to enter into an agency contract by giving false or misleading information or making a false promise or representation or by providing anything of value to the athlete before entering into such a 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 agent, in conjunction with the signing of an agency contract, to provide to the athlete a separate disclosure document that includes notice that if the athlete signs the contract he or she may lose eligibility to compete as a student athlete in that sport. Requires the student athlete to sign such document before signing the 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 under specified circumstances. Requires the agent and the athlete, within 72 hours after entering into an agency contract or before the next athletic event in which the at…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4701, Sports Agent Responsibility and Trust Act
Oct 4, 2002<p>Cost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on September 25, 2002</p>
Full CBO report ↗H.R. 4701, Sports Agent Responsibility and Trust Act
Oct 4, 2002Cost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on September 25, 2002
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
6 Democrats14 Republicans