A bill to create an American Boxing Corporation.

[AI summary unavailable — showing source text] Creates the American Boxing Corporation (the Corporation) to oversee professional boxing. Defines the number, term, qualifications, and responsibilities of the Corporation's board of directors, who shall be appointed by the President with the advice and consent of the Senate. Defines the objectives of the Corporation, which include: (1) establishing model State boxing commission standards; (2) assisting States in complying with such standards; (3) sanctioning boxing matches in States which are implementing such standards; and (4) establishing U.S. boxing championships. Directs the Corporation to make grants and provide technical assistance to States which adopt plans to establish a State boxing commission which meets the model standards. Establishes procedures for applying for such grants and assistance. Directs the Corporation to develop model State boxing commission standards. Empowers the Corporation to sanction any boxing match held in a State whose boxing commission meets the model State boxing commission standards. Directs the Corporation to withdraw its sanction where: (1) the match may be affected by violations of fair labor standards, bribery, collusion, intentional losing…