HR 7403
No Foreign NIL Funds Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The No Foreign NIL Funds Act aims to prevent foreign governments or entities from influencing college athletes’ name, image, and likeness (NIL) deals. It prohibits foreign investment in NIL agreements, requires transparency in solicitations, and gives the Attorney General and Secretary of Education authority to investigate potential violations. Furthermore, the bill restricts state-controlled investments in collegiate athletics revenue and mandates disclosures of financial arrangements involving foreign entities.
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