Amateur Athletic Act

[AI summary unavailable — showing source text] Amateur Athletics Act - Declares it to be the finding of Congress that the division of authority over amateur athletics among organizations in the United States has resulted in a lack of coordination which handicaps the individual athelete in international competition. Establishes the United States Amateur Sports Board, to be appointed by the President. Provides that one member shall be an amateur athelete who has recently distinguished himself in international competition. Sets forth additional requirements for Board membership, and terms of appointment of Board members. Authorizes the Board to issue a charter to a corporation, designating it a United States Sports Association for not more than three sports which are part of the the Olympic or Pan American James. Empowers the Board to: (1) promulgate rules governing charter applications; (2) take action to insure compliance with granted charters; and (3) revoke charters. Provides that the following are causes for charter revokation: (1) to deny an amateur athelete the right to compete in competition which the Association has sanctioned because he is not a member of that Association; and (2) to deny any amateur athelete who is a me…