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Standardization of Collegiate Oversight of Revenues and Expenditures Act (SCORE Act)

This act amends the Higher Education Act of 1965 to require institutions of higher education, specifically those in NCAA Division I, to report revenue and expenses disaggregated by each sports team. The legislation also mandates that intercollegiate athletic associations submit annual financial reports to the Secretary and establishes a task force to define and update reporting terms.
Key points
NCAA Division I institutions must report revenue for each sports team, including ticket sales, student fees, and media rights.
Universities are required to report expenses such as coaches' salaries, team travel, and medical costs.
The Secretary will appoint a task force of experts to define and update reporting categories in accordance with accounting principles.
Athletic associations must annually report their generated revenue and expenses, including executive compensation schedules.
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Additional Information
Print number: 117_S_1225
Sponsor: Sen. Murphy, Christopher [D-CT]
Process start date: 2021-04-20