Federal Scholastic and Amateur Sports Act

[AI summary unavailable — showing source text] Federal Scholastic and Amateur Sports Act - States the importance of amateur athletic competition and the value of athletic competition between citizens of different nations. Establishes a Federal Scholastic and Amateur Sports Commission within the Department of Health, Education, and Welfare to protect and promote the interests of the collegiate and other amateur athletes in the United States engaging in international competition. Defines terms included in the Act. Authorizes the President, by and with the advice and consent of the Senate, to appoint 5 Commissioners, one of whom shall be designated by the President as chairman. States that the term of Commissioner, except for the Commissioners first appointed, shall be 5 years and that not more than 2 of the Commissioners shall be appointed from the same political party. Declares that 3 members of the Commission shall constitute a quorum for the transaction of business. Requires the Commission to submit to the President for transmittal to the Congress on or before October 1 of each year a comprehensive report on the administration of this Act for the preceding fiscal year. Lists the areas to be included in the report. Provides the…