Federal Rules for Student Athletes: NIL, Transfers, and Healthcare Protection.
This Act establishes federal standards governing Name, Image, and Likeness (NIL) contracts for student athletes while banning payments intended to induce transfers. It mandates that colleges provide comprehensive health care coverage for sports-related injuries, extending coverage post-graduation, and requires the NCAA and institutions to offer financial literacy education.
Key points
NIL Contracts: Requires written NIL agreements, bans contracts with entities related to gambling, alcohol, or tobacco, and mandates disclosure of all contract details to the institution and the Federal Trade Commission (FTC).
Medical Coverage: Colleges must cover out-of-pocket medical expenses for sports injuries for up to 4 years after competition ends, depending on the institution's athletic revenue.
Transfer Rules: Student athletes who transfer are generally ineligible to compete for one academic year, with limited exceptions (e.g., coach departure or family illness).
Inducements Ban: Boosters and third parties are prohibited from offering compensation to induce a student athlete to enroll or transfer to a specific school.
Expired
Additional Information
Print number: 118_S_2495
Sponsor: Sen. Manchin, Joe, III [D-WV]
Process start date: 2023-07-25