Federal Scholastic and Amateur Sports Act

Federal Scholastic and Amateur Sports Act - States the importance of amateur athletic competition and the value of athletic competition between citizens of different nations.

Establishes a Federal Scholastic and Amateur Sports Commission within the Department of Health, Education, and Welfare to protect and promote the interest of the collegiate and other amateur athletes in the United States engaging in international competition. Defines terms included in the Act.

Authorizes the President, by and with the advice and consent of the Senate, to appoint 5 Commissioners, one of whom shall be designated by the President as chairman.

States that the term of Commissioner, except for the Commissioners first appointed, shall be 5 years and that not more than 2 of the Commissioners shall be appointed from the same political party.

Declares that 3 members of the Commission shall constitute a quorum for the transaction of business.

Requires the Commission to submit to the President for transmittal to the Congress on or before October 1 of each year a comprehensive report on the administration of this Act for the preceding fiscal year. Lists the areas to be included in the report.

Provides the Commission with the authority to promulgate rules or other regulations which relate to the participation of amateur athletes of the United States in international athletic competition.

Requires the Commission to establish an Amateur Sports Advisory Council which the Commission may consult before prescribing a sports rule or regulation.

Allows the Council to propose amateur sports rules and regulations to the Commission for its consideration. Grants the Commission subpena power.

Authorizes the Commission to obtain from any Federal agency materials deemed necessary to carry out its functions under the Act.

Authorizes appropriations of $500,000 for each of the fiscal years 1975, 1976, and 1977.