The bill, SB 389, focuses on the regulation of athlete agents, expanding the definition to include those representing student athletes in college and high school. It retains existing licensing requirements while introducing new provisions for agent registration, including a requirement for nonresident agents to appoint a registered agent for service of process. The bill mandates that athlete agents undergo background checks and prescribes training by the attorney general. Additionally, it establishes guidelines for endorsement contracts, requiring agents to disclose their registration status and any compensation arrangements to the athletes they represent.

Key amendments to the bill include the removal of specific information required in background checks and the stipulation that appeals regarding unreasonable fee determinations by the division must be filed in the 19th Judicial District Court, with judicial review limited to whether the division acted arbitrarily or capriciously. The bill also introduces penalties for violations, allowing athletes to bring civil actions against agents for damages and requiring agents found liable to forfeit compensation. Overall, the proposed law aims to enhance the oversight and accountability of athlete agents while ensuring the protection of athletes' rights.

Statutes affected:
SB389 Original: 4:421(A), 4:423(G)(4), 4:424(A)(6), 4:432(A), 4:433(A)
SB389 Engrossed: 4:421(A), 4:423(G)(4), 4:424(A)(6), 4:432(A), 4:433(A)
SB389 Reengrossed: 4:421(A), 4:423(G)(4), 4:424(A)(6), 4:432(A), 4:433(A)
SB389 Enrolled: 4:421(A), 4:423(G)(4), 4:424(A)(6), 4:432(A), 4:433(A)
SB389 Act 895: 4:421(A), 4:423(G)(4), 4:424(A)(6), 4:432(A), 4:433(A)