; and (3) in section 5(a)(1), by inserting or by the engagement of any booster in a practice that violates section 3A after section 3 . (b) Eligibility To compete as a student athlete after entering into an agency contract Section 3(b)(3) of the Sports Agent Responsibility and Trust Act ( 15 U.S.C. 7802(b)(3) ) is amended in the quoted part by inserting after boldface type stating: the following: Notice to Student Athlete: If you agree orally or in writing to be represented by an agent now or in the future, both you and the agent by whom you are agreeing to be represented must notify the athletic director of the educational institution at which you are enrolled, or other individual responsible for athletic programs at such educational institution, that you have entered into an agency contract. Such notification must be within 72 hours after entering into this contract or before the next athletic event in which you are eligible to participate, whichever occurs first. . (c) Report on claims filed pursuant to the Sports Agent Responsibility and Trust Act The Sports Agent Responsibility and Trust Act ( 15 U.S.C. 7801 et seq.) is further amended by inserting after section 6 the following new section: 6A. Report to Congress Not later than 6 months after the date of enactment of this section, and annually thereafter, the Commission shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a report summarizing any investigation or enforcement action brought by the Commission pursuant to this Act, including the number of complaints filed with the Commission pursuant to this Act. . 6. State preemption No State may enforce a State law or regulation with respect to permitting or abridging the ability of a student athlete attending an institution of higher education to enter into an endorsement contract or agency contract pursuant to this Act or by an amendment made by this Act. 7. Rules of construction (a) Tax provisions