The No Foreign NIL Funds Act prevents foreign investment in deals involving college athletes' names and images. This aims to protect the integrity of college sports and ensure that funding comes from domestic sources.
If you are a college athlete, you cannot accept funding from foreign sources for your sports-related deals.
Who this affects
College athletes · Institutions of higher education
What changes is this bill making?
1This bill stops foreign countries from funding agreements related to athletes' names, images, and likenesses.
2Institutions must report any foreign funding attempts to the Attorney General and the Secretary of Education.
3The Attorney General can investigate schools suspected of violating this law.
4Schools that break this law may face penalties and lose eligibility for federal programs.
5Student athletes who violate this law could be banned from participating in sports for a year.
