College Athletics Reform Act

Protection of NIL Compensation Rights: Section 3(a) ensures that college athletes cannot be restricted from receiving payment for their name, image, or likeness, and protects them from adverse actions by schools or athletic associations for taking such compensation. This benefits student athletes by allowing them to fairly benefit from their personal brand and hard work.

Right to Professional Representation: Section 3(b) stops schools and athletic associations from blocking athletes from hiring agents, financial advisors, or attorneys. This helps protect student athletes from being taken advantage of in business deals.

Contract Transparency and Protections: Section 3(d) ensures that NIL agreements over $600 must be in writing and contain clear terms, such as compensation amounts and termination rules. This gives athletes the power to void contracts that do not meet these standards or agreements that continue after they are no longer enrolled at an institution.

Protection for International Student Athletes: Section 3(e) updates immigration laws so that international college athletes can participate in NIL activities without violating their visa status or being considered inadmissible to the United States. This ensures fairness and equal opportunity for athletes from other countries.

Fairness for Sports Agent Fees: Section 4(a) updates the Sports Agent Responsibility and Trust Act to cap agent fees for endorsement contracts at 4 percent of the compensation provided to the student athlete. This protects student athletes from being gouged by excessive agent fees.

Detailed Public Financial Disclosures: Section 7 requires colleges to publicly report detailed financial information regarding athletic scholarships, direct revenue sharing with athletes, coach compensation, and revenues and expenses disaggregated by men's and women's sports. This creates greater accountability and transparency for the public and taxpayers regarding how college athletic funds are spent.