Amateur Athletic Act

[AI summary unavailable — showing source text] Amateur Athletic Act - Title I: United States Amateur Sports Board - Expresses the findings of Congress in the realm of amateur athletic competition. Sets forth the definitions of terms used in this Act. Establishes an independent agency to be known as the United States Amateur Sports Board. Prescribes the qualifications of the five-member Board, their terms of office, and procedures for Chairman election. Empowers the Board to issue charters to corporations, designating them as a United States Sports Association for not more than three sports. Enumerates additional powers and authorities of the Board, including the revocation of charters. Provides special expediting procedures for resolving matters relating to competitive events on a 48-hour notice. Specifies the requirements to be met in order to be eligible to receive a charter, including: (1) incorporation; (2) application; and (3) demonstration of specific amateur athletic policies. Prescribes the circumstances under which corporations shall not be eligible to receive a charter, and under which charter applications may be denied. Provides that no unrestricted competition shall be conducted within the United States more than tw…