Amateur Athletic Act

Amateur Athletic Act - Title I: General Provisions - Sets forth the findings of the Congress. Defines the terms used in this Act.

Title II: Coordination of Amateur Athletic Activity - Establishes an independent agency known as the Amateur Sports Board composed of five members who shall elect their own chairman.

Authorizes the Board to issue charters, with respect to each sport for which application is made for a charter, to a corporation which meets the requirements and any applicable regulations under this Act.

Lists prerequisites which must be met before a charter is granted.

Declares that a charter issued pursuant to this title shall grant authority to the holders of such charters to: (1) act as the representative of the United States to the appropriate international governing body or bodies for the sport or sports over which it has jurisdiction; (2) act as the representative of athletes competing in international competition in its sport or sports; (3) designate individuals and teams to participate in international competition and certify in accordance with international rules the amateur status of such individuals and teams; (4) conduct domestic competition, including but not limited to Olympic trials or national championships; (5) conduct domestic exhibitions with representatives of foreign nations, the purpose of which is to promote interest in its sport or sports; (6) to take whatever actions, consistent with rules and regulations promulgated by the Board pursuant to this Act, as may be necessary to insure the safety and well-being of athletes representing the United States in international competition in its sport or sports; and (7) such other authority as the Board deems appropriate to carry out the purposes of this Act.

Provides that each charter issued under this Act shall expire; (1) with respect to a sport or sports which is part of the program at the Olympic winter games, on June 30 of the year in which such games are held, and (2) with respect to a sport or sports which is part of the program at the Olympic summer games, on December 31 of the year in which such summer games are held.

Directs the Board to create a nine member United States Olympic Commission which shall review and make recommendations regarding the participation of the United States in the Olympic games.

Requires the Commission to submit to the President, Congress, and the Board a final report of its findings and recommendations not later than March 15, 1974, or one hundred and eighty days after all of the members of the Commission have been designated by the Board, whichever is earlier.

Directs the Board to establish a Division of Athletic Facilities and a Division of Safety and Health.

Authorizes appropriations to carry out this title.

Title III: Support and Encouragement of Sports and Physical Fitness - Establishes the National Sports Development Foundation.

Provides that the Foundation shall, to the extent practicable: (1) promote equal opportunity for and encourage participation and excellence in athletic activity and physical fitness programs for individuals of all ages; (2) foster, support, and advise organizations, groups, and individuals concerned with sports and coordinate their activities voluntarily with educational and recreational programs conducted by Federal, State, and local governments; (3) develop and make available technical, financial, and training assistance to not-for-profit organizations and to individuals concerned with sports and physical fitness education; (4) promote increased athletic exchanges with foreign nations; and (5) study and make recommendations with respect to athletic activity, including competition and physical fitness.

Authorizes appropriations to carry out the purposes of this title.