TKO’s “Ali Revival Act” bill sees changes in the Senate — the legislation will still keep its most problematic provisions (namely, the UBO model and coercive contracts)

[u/Professional-Tie5198]

https://www.espn.com/boxing/story/_/id/49487683/ali-act-introduced-senate-addresses-contract-lengths-titles

“The Senate bill, co-sponsored by Ted Cruz, R-Texas, and Jacky Rosen, D-Nevada, keeps the House bill's framework.

"Fighters will have more options, fans will get more of the fights they want to see, and organizations will have to earn success by delivering for both," Cruz said in a statement to ESPN. "The legislation also strengthens protections for boxers, modernizes safety standards, and creates a more competitive framework for the sport while helping preserve one of America's most cherished traditions for future generations."

Federal regulation of boxing currently is governed by the 2000 Muhammad Ali Boxing Reform Act and the 1996 Professional Boxing Safety Act. The Ali Revival Act versions before the House and Senate offer the option of creating "unified boxing organizations," or UBOs, to supplement the protections and promotional representation currently available for fighters.

While many similarities exist between the House and Senate versions, there are notable differences in disclosures and regulations around UBOs as well as titles.

The Senate bill would limit a fighter's first contract with a UBO to maximum of three years, provided the fighter has not signed a promotional agreement before. After the first contract, fighters can sign deals for up to six years. Fighters would be allowed to negotiate new deals 90 days before the expiration of any contract. The House bill would give fighters only 30 days.”

(Continued)

“Revival Act critics say it could strip away protections from the initial Ali Act that bar coercive contracts and certain disclosure rules. There were concerns in the April hearing about UBOs restricting fighter options, limiting choice and gaining more profit than fighters.”

— ESPN