SPARTA

As I mentioned in class last week, there is a federal law on the books pertaining to the regulation of sports agents.  It is called the Sports Agent Responsibility and Trust Act of 2004 (“SPARTA”).  SPARTA authorizes the Federal Trade Commission (“FTC”) to issue injunctions and/or penalities upon the finding of fraudulent or deceptiive practices by a sports agent.  To date, I am not aware of any action by the FTC under SPARTA.  If you are interested in the Congressional testimony in connection with SPARTA (or need something to help you fall asleep), click on the link below.  Tom Osborne, former football coach of the Nebraska Conhuskers, provides some testimony.

 http://republicans.energycommerce.house.gov/107/action/107-125.pdf