§ 6308. Conflicts of interest

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1996

   Professional Boxing Safety Act of 1996

   Pub. L. 104–272 § 17 · 110 Stat. 3309

   Enacted · 15 U.S.C. § 6308

   Pub. L. 104–272, § 17, formerly § 9, Oct. 9, 1996, 110 Stat. 3311

   Target inherited from the preceding amendment note.

   Source evidence

   Code source credit
   Pub. L. 104–272, § 17, formerly § 9, Oct. 9, 1996, 110 Stat. 3311

   Enacted provision · exact public law section
   SEC. 9. CONFLICTS OF INTEREST. No member or employee of a boxing commission, no person who administers or enforces State boxing laws, and no member of the Association of Boxing Commissions may belong to, contract with, or receive any compensation from, any person who sanctions, arranges, or promotes professional boxing matches or who otherwise has a financial interest in an active boxer currently registered with a boxer registry. For purposes of this section, the term “compensation” does not include funds held in escrow for payment to another person in connection with a professional boxing match. The prohibition set forth in this section shall not apply to any contract entered into, or any reasonable compensation received, by a boxing commission to supervise a professional boxing match in another State as described in section 4.

2. 2000

   Muhammad Ali Boxing Reform Act

   Pub. L. 106–210 § 5 · 114 Stat. 321

   1. Amended · 15 U.S.C. § 6308

      Pub. L. 106–210, § 5, designated existing provisions as subsec. (a)

   2. Inserted · 15 U.S.C. § 6308

      Pub. L. 106–210, § 5, inserted subsec. heading

   3. Added · 15 U.S.C. § 6308

      Pub. L. 106–210, § 5, added subsecs. (b) and (c)

   Source evidence

   Code amendment note
   Pub. L. 106–210, § 5, designated existing provisions as subsec. (a), inserted subsec. heading, and added subsecs. (b) and (c).

   Enacted provision · exact public law section
   SEC. 5. CONFLICT OF INTEREST. Section 17 of the Professional Boxing Safety Act of 1996 (15 U.S.C. 6308) (as redesignated by section 4 of this Act) is amended— (1) in the first sentence by striking “No member” and inserting “(a) Regulatory Personnel.—No member”; and (2) by adding at the end the following: “(b) Firewall Between Promoters and Managers.— “(1) In general.— It is unlawful for— “(A) a promoter to have a direct or indirect financial interest in the management of a boxer; or “(B) a manager— “(i) to have a direct or indirect financial interest in the promotion of a boxer; or “(ii) to be employed by or receive compensation or other benefits from a promoter, except for amounts received as consideration under the manager’s contract with the boxer. “(2) Exceptions.— Paragraph (1)— “(A) does not prohibit a boxer from acting as his own promoter or manager; and “(B) only applies to boxers participating in a boxing match of 10 rounds or more. “(c) Sanctioning Organizations.— “(1) Prohibition on receipts.— Except as provided in paragraph (2), no officer or employee of a sanctioning organization may receive any compensation, gift, or benefit, directly or indirectly, from a promoter, boxer, or manager. “(2) Exceptions.— Paragraph (1) does not apply to— “(A) the receipt of payment by a promoter, boxer, or manager of a sanctioning organization’s published fee for sanctioning a professional boxing match or reasonable expenses in connection therewith if the payment is reported to the responsible boxing commission; or “(B) the receipt of a gift or benefit of de minimis value.”.

4 of 4 references resolved to an enrolled provision