The bill establishes new requirements for amateur status for students participating in high school athletic activities in Wyoming. It mandates that any student representing a Wyoming high school in a sanctioned sport or activity must maintain amateur status, which is defined by several criteria. A student forfeits their amateur status if they accept monetary compensation for competing, receive awards exceeding approved values, capitalize on their athletic fame, or sign a professional contract. However, there are exceptions that allow for certain types of compensation, such as family support, nominal fees for instructing youth sports, and scholarship funds directed to postsecondary institutions.

Additionally, the bill outlines specific activities that do not result in a loss of amateur status, including accepting necessary expenses for participation in competitions, receiving nonmonetary benefits from Olympic teams, and participating in fundraising activities without performance-based compensation. Violations of these amateur status requirements will lead to ineligibility in the respective sport or activity. The act is set to take effect on July 1, 2026.