§ 6308. — Conflicts of interest.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC6308]
TITLE 15--COMMERCE AND TRADE
CHAPTER 89--PROFESSIONAL BOXING SAFETY
Sec. 6308. Conflicts of interest
(a) Regulatory personnel
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 6303
of this title.
(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.
(Pub. L. 104-272, Sec. 17, formerly Sec. 9, Oct. 9, 1996, 110 Stat.
3311; renumbered Sec. 17 and amended Pub. L. 106-210, Secs. 4(1), 5, May
26, 2000, 114 Stat. 322, 325.)
Amendments
2000--Pub. L. 106-210, Sec. 5, designated existing provisions as
subsec. (a), inserted subsec. heading, and added subsecs. (b) and (c).
Section Referred to in Other Sections
This section is referred to in section 6309 of this title.
