College Athlete Rights Protection: NIL Compensation, Agent Caps, and Financial Transparency.
This federal act secures the right of college athletes to earn compensation from their Name, Image, and Likeness (NIL) without jeopardizing their eligibility. It establishes federal enforcement mechanisms through the FTC and private lawsuits, while also increasing financial transparency for university athletic programs. Crucially, it regulates sports agents by capping their fees and clarifies that international student-athletes can participate in NIL activities.
Key points
College athletes are federally guaranteed the right to receive compensation for their NIL; institutions cannot restrict this or retaliate against them.
Agent fees for endorsement contracts are capped at 4%, and NIL agreements over $600 must be written and transparent.
A Commission is established to study future reforms, including revenue sharing, collective bargaining, and Title IX compliance in college sports.
Universities must disclose detailed financial data on athletic programs, scholarships, and expenses, disaggregated by men's and women's sports.
Status:
Introduced
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