National Institute for Physical Fitness and Sports Medicine Act

National Institute for Physical Fitness and Sports Medicine Act - Directs the Secretary of Health, Education, and Welfare, under the Public Health Service Act, to establish in the Public Health Service the National Institute for Physical Fitness and Sports Medicine for the conduct and support of research in the area of physical fitness and sports medicine.

Authorizes the Secretary, through the Institute, to make grants to States for the establishment in the office of each Governor, a State Council on Physical Fitness.

Authorizes the Secretary to make grants or enter into contracts to conduct research and establish model projects with regard to the improvement of physical fitness. Requires each project to conduct a nutrition impact study.

Establishes in the Institute a National Physical Fitness Advisory Council.

Authorizes the Council to advise and assist the Director of the Institute with respect to programs authorized in the Act.

Requires the Secretary to establish a program of formula grants, administered by the State councils to: (1) support the training of individuals in the field of sports medicine and athletic training and placement of these individuals; (2) explore personnel sharing arrangements for specialists in sports medicine and athletic training; and (3) conduct research in each State into the problem of athletic injuries in interscholastic and intrascholastic sports.

Requires the Institute to establish a program of project grants to: (1) conduct research into training and conditioning techniques; and (2) conduct research into athletic protective equipment.