I
103D CONGRESS
1ST SESSION
H. R. 3311
To establish the Professional Boxing Corporation, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 19, 1993
Mr. OWENS introduced the following bill; which was referred jointly to the
Committees on Energy and Commerce and Education and Labor
A BILL
To establish the Professional Boxing Corporation, and for
other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Boxing Safety, Retire-
ment, and Retraining Act of 1993’’.
SEC. 2. FINDINGS.
Congress finds that—
(1) professional boxing is beset with wide-rang-
ing problems which are beyond the scope of the cur-
rent system of State regulation;
(2) the rules governing professional boxing and
the enforcement of such rules varies widely among
the States;
(3) boxing, unlike other professional sports,
does not have an entity by which the sport can be
successfully regulated, nor is there a prospect of
meaningful self-regulation;
(4) the problems currently facing professional
boxing are exploitation of boxers, conflicts of inter-
est, questionable judging, and corruption, including
the influence of organized crime; and
(5) such problems endanger the health, safety,
and welfare of boxers and undermine the sport’s
credibility with the public.
SEC. 3. PURPOSE.
The purpose of this Act is to establish a national or-
ganization which will work with State boxing authorities
to establish and enforce uniform rules and regulations for
professional boxing in order to protect the health and safe-
ty of boxers and to ensure fairness in the sport.
SEC. 4. DEFINITIONS.
For purposes of this Act, the following definitions
apply:
(1) BOARD.—The term ‘‘Board’’ means the
Professional Boxing Advisory Board established
under section 7(a).
(2) 
BOXING
MATCH.—The 
term 
‘‘boxing
match’’ means a professional boxing match, or any
part thereof, which is held within the United States
and does not include an amateur boxing match.
(3) CORPORATION.—The term ‘‘Corporation’’
means the Professional Boxing Corporation estab-
lished under section 5(a).
(4) EXECUTIVE DIRECTOR.—The term ‘‘Execu-
tive Director’’ means the Executive Director of the
Corporation.
(5) FUND.—The term ‘‘Fund’’ means the Pro-
fessional Boxing Corporation Trust Fund estab-
lished under section 12(a).
(6) PROMOTER.—The term ‘‘promoter’’ means
any person licensed under this Act to hold, give, or
otherwise conduct a boxing match, program, or exhi-
bition.
(7) SECRETARY.—The term ‘‘Secretary’’ means
the Secretary of the Treasury.
(8) STATE.—The term ‘‘State’’ means any
State of the United States, the District of Columbia,
American Samoa, the Federated States of Microne-
sia, Guam, the Republic of the Marshall Islands, the
Commonwealth of the Northern Mariana Islands,
the Commonwealth of Puerto Rico, Palau, and the
Virgin Islands.
(9) STATE
BOXING
AUTHORITY.—The term
‘‘State boxing authority’’ means a State agency with
authority to regulate professional boxing.
SEC. 5. ESTABLISHMENT OF PROFESSIONAL BOXING COR-
PORATION.
(a) IN GENERAL.—There is established the Profes-
sional Boxing Corporation which shall be a Government
corporation as defined under section 103 of title 5, United
States Code.
(b) PRINCIPAL OFFICE.—The Corporation estab-
lished under subsection (a) shall maintain its principal of-
fice in the District of Columbia.
SEC. 6. EXECUTIVE DIRECTOR OF CORPORATION.
(a) EXECUTIVE DIRECTOR.—The Corporation shall
be administered by an Executive Director who shall be ap-
pointed by the President by and with the advice and con-
sent of the Senate.
(b) EXECUTIVE SCHEDULE LEVEL III POSITION.—
Section 5314 of title 5, United States Code, is amended
by adding at the end the following:
‘‘Executive Director of the Professional Boxing
Corporation.’’.
SEC. 7. PROFESSIONAL BOXING ADVISORY BOARD.
(a) ESTABLISHMENT.—There is established an advi-
sory board to be known as the Professional Boxing Advi-
sory Board.
(b) DUTIES.—The Board shall—
(1) make recommendations to the Corporation
to most effectively and efficiently carry out the pro-
visions of this Act; and
(2) in conjunction with the Executive Director,
contact each State boxing authority and encourage
the establishment of a Congress of State Boxing Ad-
ministrators which shall—
(A) advise the Board and the Corporation
in all matters relating to the operation and ad-
ministration of professional boxing;
(B) meet at least annually and be com-
posed of one voting member from each State or
local agency responsible for regulating profes-
sional boxing in such State or locality;
(C) establish, from within the membership
of the Congress of State Boxing Administra-
tors—
(i) a committee to review—
(I) the rules of professional box-
ing;
(II) the health and safety of pro-
fessional boxers;
(III) the licensing of professional
boxers, judges, and referees;
(IV) the registration of profes-
sional 
boxing 
promoters, 
match-
makers, managers, trainers, cut men,
physicians, and other individuals de-
termined by the Corporation to have a
significant role in professional boxing;
and
(V) life insurance and health in-
surance benefits for the individuals re-
ferred to in subclauses (III) and (IV);
and
(ii) any other committees considered
necessary by such Congress;
(D) approve or disapprove recommenda-
tions to the full Congress made by such com-
mittees; and
(E) transmit approved recommendations of
such Congress to the Board and the Corpora-
tion.
(c) MEMBERSHIP.—The Board shall be composed of
5 members, to be appointed by the Executive Director, of
whom—
(1) one shall be an acting State athletic or box-
ing commissioner;
(2) one shall be a physician certified in neuro-
surgery;
(3) one shall be a representative of the United
States Amateur Boxing Association; and
(4) two shall be individuals with an interest in
and knowledge of the sport of boxing.
(d) QUALIFICATIONS.—Each member of the Board—
(1) shall be a citizen of the United States;
(2) shall be an individual who, from business,
professional, or other background, training, experi-
ence, or activities outside the business of profes-
sional boxing and its related activities, has a broad
understanding of the relationship between profes-
sional boxing, both as a sport and as a business, and
the public interest; and
(3) shall not, during service as a member of the
Board, be engaged as a professional boxer, boxing
promoter, agent, fight manager, matchmaker, ref-
eree, judge, or in any other capacity in the conduct
of the business of professional boxing or have any
pecuniary interest in the earnings of any boxer or
the proceeds or outcome of any boxing match.
(e) TERMS.—Each member of the Board shall be ap-
pointed to a 5-year term.
(f) COMPENSATION.—
(1) IN GENERAL.—Except as provided in para-
graph (2), each member of the Board shall be com-
pensated at a rate equal to the daily equivalent of
the annual rate of basic pay payable for level V of
the Executive Schedule under section 5316 of title
5, United States Code, for each day (including travel
time) during which such member is engaged in the
performance of the duties of the Board.
(2) PROHIBITION OF COMPENSATION OF FED-
ERAL
EMPLOYEES.—Except as provided in para-
graph (3), members of the Board who are officers or
employees of the United States may not receive ad-
ditional pay, allowances, or benefits by reason of
their service on the Board.
(3) TRAVEL EXPENSES.—Each member of the
Board shall receive travel expenses, including per
diem in lieu of subsistence, in accordance with sec-
tions 5702 and 5703 of title 5, United States Code.
(g) INITIAL APPOINTMENTS.—Initial appointments
under subsection (c) shall be made not later than 60 days
after the effective date of this Act.
(h) VACANCIES.—If any member of the Board is un-
able to serve a full term of office or becomes unqualified
to serve in such position, a new member shall be appointed
to serve the remainder of such term of office in the same
manner in which the original appointment was made.
(i) CHAIRMAN.—The Executive Director shall ap-
point one of the members of the Board to serve as Chair-
man of the Board.
(j) INITIAL MEETING.—The initial meeting of the
Board shall be held not later than 90 days after the effec-
tive date of this Act.
(k) QUORUM.—Three members of the Board shall
constitute a quorum.
(l) STAFF AND SERVICES.—The Corporation shall
provide all necessary staff and support services for the
Board.
SEC. 8. FUNCTIONS OF CORPORATION.
(a) NATIONAL COMPUTER DATA BASE.—The Cor-
poration shall establish and provide a unified national
computer data base source for the collection, storage, and
retrieval of information relating to professional boxing,
which may include—
(1) a list of professional boxers and business as-
sociates of such boxers;
(2) the medical records, won-loss records, size,
and weight of such boxers; and
(3) information relating to professional boxing
promoters, matchmakers, managers, trainers, cut
men, referees, judges, physicians, and any other in-
dividual determined by the Corporation to have a
significant role in professional boxing.
(b) LICENSING OF PROFESSIONAL BOXERS, JUDGES,
AND REFEREES.—The Corporation shall issue a license,
either through State boxing authorities or through the
manner determined most appropriate by the Corporation,
on an annual renewable basis, to each professional boxer,
judge, and referee who meets the minimum standards es-
tablished by the Corporation (including the minimum
standards and procedures for physical and mental exami-
nations established pursuant to subsection (e)(3)) and
shall issue for licensed boxers an accurate record of their
medical history, biographical information, and won-loss
boxing record.
(c) CERTIFICATE OF REGISTRATION FOR OTHER IN-
DIVIDUALS INVOLVED IN PROFESSIONAL BOXING.—The
Corporation shall issue a certificate of registration, either
through State boxing authorities or through the manner
determined most appropriate by the Corporation, at least
every 3 years, to each professional boxing promoter,
matchmaker, manager, trainer, cut man, physician, and
any other individual determined by the Corporation to
have a significant role in professional boxing, who meets
the minimum standards established by the Corporation.
(d) LICENSE AND REGISTRATION FEES.—The Cor-
poration may establish and charge licensing and registra-
tion fees for the individuals described in subsections (b)
and (c). Fees paid by promoters may be derived from
gross receipts from boxing matches. Such fees may be col-
lected through State boxing authorities or through the
manner determined most appropriate by the Corporation.
All such fees shall be deposited in the General Treasury
of the United States.
(e) ADDITIONAL FUNCTIONS.—In addition to the
functions described under subsections (a) through (d), the
Corporation shall—
(1) prescribe regulations for professional boxing
to ensure the health and safety of participants;
(2) prescribe regulations requiring a copy of
any contract for a boxing match to be filed with the
Corporation not later than 30 days before such
match for review by the Corporation;
(3) establish minimum standards and proce-
dures for physical and mental examinations to be
given to professional boxers;
(4) establish minimum standards for the avail-
ability of medical services at boxing matches;
(5) establish a life, pension, accident, and
health insurance fund for professional boxers,
judges, referees, boxing promoters, matchmakers,
managers, trainers, cut men, physicians, and other
individuals determined by the Corporation to have a
significant role in professional boxing;
(6) establish minimum standards for the manu-
facturing and use of boxing equipment;
(7) to the extent practicable, conduct discus-
sions and enter into agreements with foreign boxing
entities on methods for applying minimum health
and safety standards to foreign boxing matches;
(8) review State boxing authority regulations
for professional boxing and provide assistance to
such authorities in meeting the minimum standards
and requirements established by the Corporation for
professional boxing;
(9) prescribe regulations that establish univer-
sal standards for contracts between boxers and pro-
moters;
(10) prescribe regulations to establish stand-
ards relating to the telecasting of boxing matches;
(11) prescribe regulations prohibiting conflicts
of interest relating to boxing matches; and
(12) establish a program for job training and
occupational therapy for former professional boxers.
(f) SUSPENSION AND REVOCATION OF LICENSE OR
REGISTRATION.—
(1) IN GENERAL.—The Corporation may sus-
pend or revoke any license issued under subsection
(b) or certificate of registration issued under sub-
section (c) if the Corporation finds—
(A) such suspension or revocation is in the
public interest; and
(B) there is reasonable grounds for belief
that standards prescribed by the Corporation
under this section are not being met, or that
bribery, collusion, intentional losing, racketeer-
ing, extortion, or the use of unlawful threats,
coercion, or intimidation have been used in con-
nection with such licensing or registration.
(2) TIME PERIOD.—Any suspension of a license
or registration under this section shall be for a pe-
riod of not less than 6 months.
(g) PROHIBITORY ORDERS.—
(1) IN GENERAL.—Subject to paragraph (2),
the Corporation may, after appropriate notice and
opportunity for hearing, by order prohibit the hold-
ing of any proposed boxing match, and where appli-
cable, the telecasting of such match, if it finds such
prohibition is in the public interest and that—
(A) any contract, arrangement, or agree-
ment with respect to such match does not con-
form to the standards prescribed by the Cor-
poration;
(B) such match, or any participant in such
match, is not licensed or registered as provided
under subsections (b) and (c); or
(C) there is reasonable grounds for belief
that such match may be affected by bribery,
collusion, intentional losing, racketeering, extor-
tion, or the use of unlawful threats, coercion,
intimidation or violence.
(2) SUMMARY PROHIBITION.—
(A) IN GENERAL.—At or after the date on
which notice of any proceeding under paragraph
(1) is sent or ordered by the Corporation to be
published, regardless of whether or not any per-
son to be affected by such proceeding has re-
ceived such notice, the Corporation may by
order, without notice or hearing, summarily
prohibit the holding of the boxing match in
question pending final disposition of the pro-
ceeding by the Corporation, or for such shorter
period as the Corporation considers appro-
priate. The Corporation shall make such an
order if in its judgment such action is in the
public interest and necessary to carry out the
purposes of this Act.
(B) LIABILITY.—No liability shall attach
to any person by virtue of a summary order is-
sued under this subsection unless such person
has actual notice thereof.
(h) INVESTIGATIONS AND INJUNCTIONS.—
(1) INVESTIGATIONS.—
(A) IN GENERAL.—The Corporation may
investigate any facts, conditions, practices, or
matters which it may determine necessary or
proper to aid—
(i) in the enforcement of the provi-
sions of this Act, including investigations
as the Corporation considers necessary to
determine whether any person has violated
or is about to violate any provision of this
Act or any rule or regulation prescribed
pursuant to this Act (and the Corporation
may require or permit any person to file
with it a statement in writing, under oath
or otherwise as the Corporation shall de-
termine, as to all the facts and cir-
cumstances concerning the matter to be in-
vestigated);
(ii) in the prescribing of rules and
regulations under this Act; and
(iii) in securing information to serve
as a basis for recommending further legis-
lation concerning the matters to which this
Act relates.
(B) PUBLICATION OF INFORMATION.—The
Corporation may publish information concern-
ing violations of any provision of this Act or
any rule or regulation prescribed pursuant to
this Act.
(C) POWERS.—
(i) IN GENERAL.—For the purpose of
any investigation conducted pursuant to
subparagraph (A), or any other proceeding
under this Act, any officer designated by
the Corporation is empowered to admin-
ister oaths and affirmations, subpoena wit-
nesses, compel their attendance, take evi-
dence, and require the production of any
books, papers, correspondence, memoran-
dums, or other records which the Corpora-
tion considers relevant or material to the
inquiry. Such attendance of witnesses and
the production of any such records may be
required from any place in the United
States or any State at any designated
place of hearing.
(ii) ENFORCEMENT.—In case of con-
tumacy by, or refusal to obey a subpoena
issued to, any person, the Corporation may
file an action in any court of the United
States within the jurisdiction of which such
investigation or proceeding is carried on,
or where such person resides or carries on
business, to enforce the attendance and
testimony of witnesses and the production
of books, papers, correspondence, memo-
randums, and other records. Any person
who, without just cause, fails or refuses to
attend and testify or to answer any lawful
inquiry or to produce books, papers, cor-
respondence, memorandums, and other
records, if in his power so to do, in obedi-
ence to the subpoena of the Corporation,
shall be guilty of a misdemeanor and, upon
conviction, shall be subject to a fine of not
more than $1,000 or to imprisonment for
a term of not more than 1 year, or both.
(D) 
SELF-INCRIMINATION.—No 
person
shall be excused from attending and testifying
or from producing books, papers, contracts,
agreements, and other records and documents
before the Corporation, or in obedience to the
subpoena of the Corporation, or in any cause or
proceeding instituted by the Corporation, on the
ground that the testimony or evidence, docu-
mentary or otherwise, required of him may tend
to incriminate him or subject him to a penalty
or forfeiture. No individual shall be prosecuted
or subject to any penalty or forfeiture for or on
account of any transaction, matter, or thing
concerning which he is compelled, after having
claimed his privilege against self-incrimination,
to testify or produce evidence, documentary or
otherwise, except that such individual so testify-
ing shall not be exempt from prosecution and
punishment for perjury committed in so testify-
ing.
(2) INJUNCTIONS.—
(A) IN GENERAL.—If the Corporation de-
termines that any person is engaged or about to
engage in any acts or practices which constitute
or shall constitute a violation of any provision
of this Act, or of any rule or regulation there-
under, it may bring an action in the appro-
priate district court of the United States, the
United States District Court for the District of
Columbia, or the United States courts of any
territory or other place subject to the jurisdic-
tion of the United States, to enjoin such acts or
practices, and upon a proper showing a perma-
nent or temporary injunction or restraining
order shall be granted without bond.
(B) WRITS OF MANDAMUS.—Upon applica-
tion of the Corporation the district courts of the
United States, the United States District Court
for the District of Columbia, and the United
States courts of any territory or other place
subject to the jurisdiction of the United States,
shall have jurisdiction to issue writs of manda-
mus commanding any person to comply with
the provisions of this Act or any order of the
Corporation.
(i) HEARINGS.—The Corporation shall ensure that
each hearing of the Corporation is open to the public (un-
less the Corporation determines that the circumstances
warrant that a hearing be closed to the public) and appro-
priate records of each such hearing are kept.
SEC. 9. POWERS OF CORPORATION.
(a) IN GENERAL.—The Corporation may—
(1) serve as the coordinating body for all efforts
in the United States to establish and maintain uni-
form minimum health and safety standards for pro-
fessional boxing;
(2) appoint and fix the compensation of such
officers and employees as may be necessary to carry
out the functions of the Corporation, and shall ap-
point such officers and employees in accordance with
the civil service laws and fix such compensation in
accordance with the provisions of title 5, United
States Code;
(3) enter into contracts for temporary and
intermittent services to carry out any function of the
Corporation;
(4) publish a newspaper, magazine, or other
publication consistent with corporate purposes;
(5) pay the travel expenses, including per diem
in lieu of subsistence, in accordance with sections
5702 and 5703 of title 5, United States Code, of the
members of the Congress of State Boxing Adminis-
trators established under section 7(d)(2) while such
members are away from their homes or regular
places of business in performance of services for
such Congress; and
(6) take any necessary and proper action to ac-
complish the purposes of this Act consistent with the
provisions of this Act.
(b) PROHIBITIONS.—The Corporation may not—
(1) promote boxing events or rank professional
boxers; or
(2) provide technical assistance to, or authorize
the use of the name of the Corporation by, States
that do not comply with requirements established by
the Corporation.
(c) USE OF NAME.—The Corporation shall have the
exclusive right to use the name ‘‘Professional Boxing Cor-
poration’’ and the acronyms ‘‘P.B.C.’’ and ‘‘PBC’’, and
any person who, without the permission of the Corpora-
tion, uses such name or any other exclusive name, trade-
mark, emblem, symbol, or insignia of the Corporation for
the purpose of inducing the sale of any goods or services,
or to promote any exhibition, performance, or sporting
event, shall be subject to suit in a civil action by the Cor-
poration for the remedies provided in the Act of July 5,
1946 (60 Stat. 427; 15 U.S.C. 1051 et seq., popularly
known as the Trademark Act of 1946).
SEC. 10. NONINTERFERENCE WITH STATE BOXING AU-
THORITIES.
(a) NONINTERFERENCE.—Nothing in this Act shall
prohibit any agency established by or pursuant to the law
of any State or political subdivision of any State from ex-
ercising any of its powers, duties, or functions with respect
to the regulation or supervision of professional boxing or
boxing matches to the extent not inconsistent with the pro-
visions of this Act.
(b) MINIMUM STANDARDS.—Nothing in this Act
shall prohibit any State boxing authority from enforcing
State standards or requirements which exceed the mini-
mum standards or requirements promulgated by regula-
tion of the Corporation.
SEC. 11. ASSISTANCE FROM FEDERAL AGENCIES.
(a) IN GENERAL.—(1) Notwithstanding section 552a
of title 5, United States Code, or any other provision of
law, the Corporation may secure directly from any Federal
agency any information, suggestions, estimates, and sta-
tistics which shall assist the Corporation in carrying out
the purposes of this Act, and each such agency shall fur-
nish such information, suggestions, estimates, and statis-
tics directly to the Corporation, upon request made by the
Executive Director.
(2) Any information, including suggestions, esti-
mates, and statistics, secured by the Corporation which,
but for paragraph (1) of this subsection, could not be se-
cured by the Corporation by reason of section 552a of title
5, United States Code, or any other provision of law shall
be treated by the Corporation as confidential information.
(3) Except as provided in paragraph (4), no officer
or employee of the Corporation may disclose to any person
other than an officer or employee of the Corporation any
information referred to in paragraph (2). Nothing in this
subsection shall be construed to authorize the Corporation
to withhold information from the Congress.
(4)(A) Any information referred to in paragraph (2)
may be disclosed in accordance with the prior written con-
sent of the person with respect to whom such information
is maintained, but only to such extent, under such cir-
cumstances, and for such other purposes as may be al-
lowed under regulations which shall be prescribed by the
Corporation.
(B) Whether or not the person, with respect to whom
any information referred to in paragraph (2) is main-
tained, gives his consent, such information may be dis-
closed if authorized by an appropriate order of a court
of competent jurisdiction granted after application show-
ing good cause therefore. In assessing good cause the
court shall weigh the public interest and the need for dis-
closure against any prejudice to the person together with
the effective administration and enforcement of the provi-
sions of this Act. Upon the granting of such order, the
court, in determining the extent to which any disclosure
of all or any part of any information is necessary, shall
impose appropriate safeguards against unauthorized dis-
closure.
(5)(A) Whoever violates any provision of this sub-
section may be assessed a civil penalty of not to exceed
$1,000 for each violation. Such penalty shall be assessed
by the court in a civil action brought by the Attorney Gen-
eral.
(B) The Corporation shall refer to the Attorney Gen-
eral the name of any person it has reasonable cause to
believe has violated any provision of this subsection.
(b) DETAILS.—Any employee of any Federal agency
may be detailed to the Corporation, upon the request of
the 
Executive 
Director, 
on 
a 
reimbursable 
or
nonreimbursable basis, with the consent of the appropriate
authority having jurisdiction over such employee. While so
detailed, such employee shall continue to receive the com-
pensation provided pursuant to law for the regular em-
ployment of the employee and shall retain, without inter-
ruption, the rights and privileges of such employment.
SEC. 12. PROFESSIONAL BOXING CORPORATION TRUST
FUND.
(a) ESTABLISHMENT.—There is established the Pro-
fessional Boxing Corporation Trust Fund in the Treasury
of the United States, consisting of such amounts as are
transferred to the Fund under subsection (b) and any in-
terest earned on investment of amounts in the Fund under
subsection (e)(2).
(b) TRANSFER OF AMOUNTS EQUIVALENT TO CER-
TAIN FEES.—
(1) IN GENERAL.—The Secretary shall transfer
to the Fund an amount equal to the sum of the fees
received in the Treasury under section 8 after the
effective date of this Act.
(2) TIME LIMIT.—The amounts required to be
transferred to the Fund under paragraph (1) shall
be transferred at least quarterly from the general
fund of the Treasury to the Fund on the basis of es-
timates made by the Secretary. Proper adjustment
shall be made in amounts subsequently transferred
to the extent prior estimates were in excess of or less
than the amounts required to be transferred.
(c) EXPENDITURE FROM FUND.—Amounts in the
Fund shall be available, as provided in appropriation Acts,
only for purposes of making expenditures to carry out the
purposes of this Act.
(d) AUTHORITY TO BORROW.—
(1) IN GENERAL.—There are authorized to be
appropriated to the Fund, as repayable advances,
such sums as may be necessary to carry out the pur-
poses of the Fund.
(2) INTEREST ON ADVANCES.—Interest on re-
payable advances made to the Fund under para-
graph (1) shall be at a rate determined by the Sec-
retary (as of the close of the calendar month preced-
ing the month in which the advance is made) to be
equal to the current average market yield on out-
standing marketable obligations of the United States
with remaining periods to maturity comparable to
the anticipated period during which the advance will
be outstanding and shall be compounded annually.
(3) TIME LIMIT.—No advance shall be made to
the Fund after the date occurring 5 years after the
effective date of this Act, and all advances to such
Fund shall be repaid on or before such date.
Fund (including any amounts not obligated in previous fis-
cal years) for—
(1) the functions of the Corporation under sec-
tion 8; and
(2) necessary administrative costs associated
with such functions.
(g) REPORT TO CONGRESS.—It shall be the duty of
the Secretary to hold the Fund, and (after consultation
with the Corporation) to report to the Congress each year
on the financial condition and the results of the operations
of the Fund during the preceding fiscal year and on its
expected condition and operations during the next fiscal
year. Such report shall be printed as both a House and
Senate document of the session of the Congress to which
the report is made.
SEC. 13. AUDIT AND REPORT.
(a) AUDIT.—The Comptroller General shall conduct
an annual audit of the finances of the Corporation, to be
completed in time for inclusion in the report required by
subsection (b).
(b) REPORT.—The Corporation shall submit to the
Congress a report not later than 1 year after the effective
date of this Act and annually thereafter. Such report shall
describe the activities of the Corporation for the preceding
year and shall also include—
(1) a description of the State boxing authority
in each State; and
(2) the results of the audit conducted pursuant
to subsection (a).
SEC. 14. PETITION TO REPEAL BEFORE EFFECTIVE DATE.
(a) PETITION TO CONGRESS.—During the 1-year pe-
riod ending on the effective date of this Act, a majority
of the State boxing authorities from all States may submit
a petition in accordance with subsection (b) to the Com-
mittee on Governmental Affairs of the Senate and the
Committee on Government Operations of the House of
Representatives. Such committees shall take all necessary
actions to respond to such petition before the effective
date of this Act.
(b) CONTENTS.—The petition submitted under sub-
section (a) shall include—
(1) a statement with supporting evidence that
the provisions of this Act are unnecessary because
the State authorities have established an organiza-
tion to effectively carry out the purposes of this Act;
and
(2) a request for the Congress to enact legisla-
tion to delay the effective date of this Act or repeal
this Act.
SEC. 15. EFFECTIVE DATE.
(a) IN GENERAL.—Except as provided in subsection
(b), this Act and the amendments made by this Act shall
take effect 1 year after the date of the enactment of this
Act.
(b) SECTION 14.—Section 14 shall take effect on the
date of the enactment of this Act.
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