Bill · H.R. 7403· House(119-HR-7403)
No Foreign NIL Funds Act
- Introduced
- 2/5/2026
- Last activity
- 2/5/2026 — Referred to the Committee on Education and Workforce, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- Blake Moore
- Cosponsors
- - 1 - 1
- Introduced
- In Committee
What this bill would do
The "No Foreign NIL Funds Act" aims to prevent foreign investment in collegiate athletics. It prohibits any national or entity of a foreign country from providing benefits or contributions related to name, image, and likeness (NIL) agreements. The bill also bans institutions of higher education, athletic conferences, and media rights distributors from entering into contracts or partnerships involving financing, ownership, or material participation by a foreign country. To ensure compliance, the Act requires documentation of solicitation attempts and annual disclosures of financial considerations from foreign entities. Institutions found in violation may lose eligibility for certain federal programs. Additionally, the bill establishes penalties for covered entities and those engaging in prohibited state-controlled investments.
Yes
Does this make what the government does easier for the public to see?+3
The bill mandates documentation of foreign solicitation attempts to the Attorney General and Secretary of Education.
Does this strengthen ties with allied countries?+2
The bill prioritizes financial ties with NATO allies, Australia, New Zealand, and Ireland.
Does this give people more protection from unfair business practices?+1
The bill increases transparency by requiring entities to disclose foreign financial considerations.
The opposite· 3 of 4
Would people in their twenties and thirties be better off under this?-4
Student-athletes face a one-year participation ban for violating these new foreign investment rules.
Would students be better off under this?-3
Student-athletes risk being barred from competition for one year if they violate the foreign investment prohibitions.
Would business owners be better off under this?-2
The bill prohibits certain foreign investments and partnerships that could affect media rights and sponsorships.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency for Institutions: Under Section 2(b), covered entities are required to document solicitation attempts to the Attorney General and the Secretary of Education, which creates a record of foreign interest in NIL agreements.
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Clear Rules for Student Athletes: Section 2(d)(B)(ii) and (iii) require institutions to notify student athletes of the Act's requirements and the potential one-year prohibition on participating in intercollegiate athletics for those who violate the rules.
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Accountability for Higher Education: Section 2(c) empowers the Attorney General and the Secretary of Education to investigate suspected violations by institutions of higher education, ensuring that rules regarding foreign funds are enforced.
Potential Negative Impacts for People
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Penalties for Student Athletes: Under Section 2(d)(B)(i), student athletes who violate the requirements of this Act may be prohibited from participating in intercollegiate athletics at their institution for a one-year period.
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Financial Risk for Institutions of Higher Education: According to Section 2(d)(C)(i), institutions found in violation of the Act may be ineligible to participate in programs authorized by the Higher Education Act of 1965.
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Restrictions on Revenue and Partnerships: Section 3(a) prohibits institutions, conferences, and media distributors from entering into or maintaining contracts, partnerships, or media-rights arrangements that involve direct or indirect financing, ownership, or material participation by a foreign country.
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Legal and Financial Burdens via Penalties: Section 2(e) and Section 3(c) establish that covered entities and persons violating these provisions may be subject to penalties imposed under the International Emergency Economic Powers Act.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Young Adults-4Good For Students-3Good For Business Owners-2
- Governance And Ideology
- Improves Government Transparency+3
- Education And Technology
- Improves College Affordability-2
- National Security And Foreign Policy
- Improves International Alliances+2
- Economy And Finance
- Improves Consumer Protection+1
- 4/14/2026
- 1 Cosponsor added.
- 2/5/2026
- Referred to the Committee on Education and Workforce, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 1 Cosponsor added.
- Introduced in House
James BairdRepublican · Indiana
Marc VeaseyDemocrat · Texas