National Amateur Sports Foundation Act

[AI summary unavailable — showing source text] National Amateur Sports Foundation Act - Establishes in the District of Columbia a body Corporate by the name of the National Amateur Sports Foundation which shall not be an agency or establishment of the United States Government. Provides that the foundation shall be directed in accordance with the provisions of this Act by a board to be known as the Trustees of the National Amateur Sports Foundation whose duty it shall be to maintain and administer the foundation and to execute such other functions as are vested in the board by this Act. Provides that the board shall be composed of sixteen voting members and the president of the Foundation ex officio. Authorizes the President of the United States to appoint incorporators, by and with the advice and consent of the Senate, who shall serve as the initial board of trustees of the foundation. Provides that the principal office of the foundation shall be in Washington, District of Columbia, or in such other place as may later be determined by the foundation. Sets forth powers of the Board. States that it shall be the purpose of the foundation to: (1) encourage the achievement of individual excellence in the field of physical endeavor; …