(1) No public or private organization or individual:
(a) Shall infringe in any manner on the right of an athlete to compete in or train for any athletic event duly sanctioned by the national governing body for that sport as recognized by the United States Olympic Committee.
(b) Shall levy any form of punishment or sanction against any athlete for participating in any athletic event duly sanctioned by the national governing body for that sport as recognized by the United States Olympic Committee.
(2) This section applies only to those sports under the jurisdiction of the United States Olympic Committee and known to be “Olympic” sports.