S. 5003 · 116th Congress
Collegiate Athlete Compensation Rights Act
- Stage
- In committee
- Sponsor
- Roger Wicker
- Introduced
- 2020-12-10
- Latest action
- 2020-12-10 · Introduced in Senate
Summary
Collegiate Athlete Compensation Rights Act
This bill permits student athletes to earn compensation for the use of their name, image, or likeness (NIL) and creates a uniform, national framework for NIL compensation.
The bill also (1) prohibits certain activities of institutions, boosters, and third-party licensees relating to athlete classification, scholarships, and contracts; and (2) directs the Federal Trade Commission to oversee all activities and approve all rules issued by a private, independent, and nonprofit entity responsible for developing and administering NIL rules concerning student athletes and specified others.