A bill to amend the Communications Act of 1934 so as to provide for the regulation of the broadcasting of certain major sporting events in the public interest.

Provides that no person may present a major sporting event to the public by means of any type of electronic medium unless a permit has been issued by the Federal Communications Commissioner. Sets forth standards that an applicant for such a permit must satisfy. Provides that any person who presents a major sports event in violation of this Act shall forfeit to the United States a sum of money not in excess of the gross receipts with respect to such event by such person.