The bill amends several sections of the Ohio Revised Code to restructure the Ohio Athletic Commission by placing it under the Department of Commerce. Key changes include the appointment of an "administrator of athletics" by the director of commerce, who will serve as the executive officer of the commission. The commission will consist of five voting members appointed by the governor, each with expertise in boxing and mixed martial arts. The bill also introduces provisions for the commission to adopt rules governing prize fights and public matches, as well as a detailed licensing process for promoters and contestants, including requirements for identification and financial responsibility.

Additionally, the bill modifies the regulatory framework for athlete agents by replacing the term "commission" with "administrator" throughout the relevant sections. It establishes requirements for athlete agent contracts, mandates the maintenance of financial security, and outlines the consequences for non-compliance. The bill emphasizes transparency in financial dealings and requires agents to keep detailed records of their transactions with athletes. Overall, these amendments aim to enhance oversight and ensure the integrity of athletic competitions and athlete representation in Ohio.

Statutes affected:
As Introduced: 3773.33, 3773.34, 3773.35, 3773.36, 3773.37, 3773.38, 3773.39, 3773.40, 3773.41, 3773.42, 3773.421, 3773.43, 3773.45, 3773.51, 3773.52, 3773.53, 3773.54, 3773.55, 3773.56, 3773.57, 3773.59, 4771.02, 4771.05, 4771.07, 4771.08, 4771.09, 4771.10, 4771.11, 4771.12, 4771.13, 4771.14, 4771.16, 4771.18, 4771.21, 4771.22, 4771.23