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.
The No Foreign NIL Funds Act prohibits foreign entities and nationals from providing money or benefits to college athletes in connection with name, image, and likeness (NIL) agreements, which allow athletes to earn money using their names, images, or likenesses. The bill also bans foreign investment in collegiate athletics revenue streams, including media rights, sponsorships, and naming rights for conferences and facilities. The legislation applies to student athletes, colleges, athletic conferences, and organizations that manage NIL deals, with limited exceptions for NATO members, Australia, New Zealand, and Ireland. Institutions that violate the law face serious consequences, including loss of federal education funding and one-year bans for violating athletes, though schools can appeal enforcement determinations to the Department of Education. The Attorney General and Secretary of Education are responsible for investigating violations and enforcing penalties, which mirror those under the International Emergency Economic Powers Act.
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