Page:United States Statutes at Large Volume 114 Part 1.djvu/362

 114 STAT. 326 PUBLIC LAW 106-210—MAY 26, 2000 (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 finsincial 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 pa5mrient is reported to the responsible boxing commission; or "(B) the receipt of a gift or benefit of de minimis value.". SEC. 6. ENFORCEMENT. Subsection (b) of section 18 of the Professional Boxing Safety Act of 1996 (15 U.S.C. 6309) (as redesignated by section 4 of this Act) is amended— (1) in paragraph (1) by inserting a comma and "other than section 9(b), 10, 11, 12, 13, 14, or 16," after "this Act"; (2) by redesignating paragraphs (2) and (3) as paragraphs (3) and (4), respectively; (3) by inserting after paragraph (1) the following: "(2) VIOLATION OF ANTIEXPLOITATION, SANCTIONING ORGANIZATION, OR DISCLOSURE PROVISIONS. — Any person who knowingly violates any provision of section 9(b), 10, 11, 12, 13, 14, or 16 of this Act shall, upon conviction, be imprisoned for not more than 1 year or fined not more than— " (A) $100,000; and "(B) if a violation occurs in connection with a professional boxing match the gross revenues for which exceed $2,000,000, an additional amount which bears the same ratio to $100,000 as the amount of such revenues compared to $2,000,000, or both."; and (4) in paragraph (3) (as redesignated by paragraph 2 of this subsection) by striking "section 9" and inserting "section 17(a)"; and (5) by adding at the end the following:

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