Directs the President Pro Tempore of the Senate and the Speaker of the House of Representatives to file a complaint with the Internal Revenue Service against the National Collegiate Athletic Association (NCAA) and the Atlantic Coast Conference (ACC), alleging excessive lobbying activities.

Enacts new GS Chapter 116, Article 1, Part 3B (Participation in Intercollegiate Athletic Associations). Specifies a list of legislative findings regarding the NCAA and ACC, including findings related to the Public Facilities Privacy and Security Act of 2016 (HB 2). Directs the chancellor of a constituent institution of the University of North Carolina that participates in any intercollegiate athletic association to report specified information to the President of the University of North Carolina (President) and the Board of Governors (Board), including information on employees and faculty members participating in boards, committees, and other working groups organized or operated by an intercollegiate athletic association, matters brought before those individuals, and the anticipated impact on the constituent institution. Directs the President and Board members to notify the chairs of the Senate Appropriations Committee on Education/Higher Education and the chairs of the House Education/Higher Education Appropriations Committee of any chancellor, employee, staff member, or faculty member, that the President or Board member believes is not in compliance with the reporting requirements, in writing and within 30 days of the President or Board member becoming aware of the potential noncompliance. Specifies that the required reports and notifications of noncompliance are public records. Specifies that the term "intercollegiate athletic association" means the NCAA and all member conferences.