A bill to amend the charter of the United States Olympic Committee in order to clarify the provisions thereof relating to resolution of disputes involving national governing bodies.

Amends the charter of the United States Olympic Committee to: (1) permit arbitrators to consider prior findings of fact by the Committee when deciding a controversy between the Committee and an amateur sports organization; (2) require a national governing body to resign its membership in any international sports federation immediately after the Committee revokes recognition of such body; and (3) grant automatically to a newly recognized national governing body all of the powers and membership rights to which other such bodies are entitled under the charter.