phatdog
01-24-2024, 02:51 PM
The PASS Act sponsored by Tuberville-Manchin has some interesting things :
Specifically, the PASS Act would:
* Protect student-athletes by:
1. Requiring collectives and boosters to be affiliated with a college or school.
2. Establishing a national standard for NIL.
3. Preserving Title IX and ensuring that nothing in the PASS Act affects the rights of any student-athletes or any programs funded through Title IX.
* Protect higher education institutions by:
1. Ensuring that schools, conferences, and associations are not liable for their efforts to comply with the PASS Act.
2. Prohibiting NIL agreements that involve alcohol, drugs, or conflict with existing school and conference licenses.
3. Requiring student-athletes to ask permission to make use of existing intellectual property (IP).
* Preserve the future of college sports by prohibiting inducements.
* Improve transparency of NIL activities by:
1. Requiring agents and collectives to register with a regulating body.
2. Establishing a public-facing website to publish anonymized NIL data.
3. Requiring all NIL contracts to be disclosed within 30 days.
* Moderate the Transfer Portal by:
1. Requiring student-athletes to complete their first three years of academic eligibility before allowing them to transfer without penalty, subject to a few exceptions.
* Ensure the health and safety of student-athletes by:
1. Guaranteeing health insurance for sports-related injuries for uninsured student-athletes for 8 years following graduation from a 4-year institution.
2. Requiring institutions generating more than $20 million and $50 million in athletics revenue to pay out-of-pocket expenses for two and four years, respectively.
3. Requiring institutions to honor the original scholarship commitment made to a student-athlete.
4. Implementing a Uniform Standard Contract for student-athlete use for NIL deals.
5. Enhancing curriculum on financial literacy, NIL rights, and related legal and regulatory issues.
* Strengthen enforcement and oversight by directing the NCAA to oversee and investigate NIL activities and report violations to the Federal Trade Commission.
Specifically, the PASS Act would:
* Protect student-athletes by:
1. Requiring collectives and boosters to be affiliated with a college or school.
2. Establishing a national standard for NIL.
3. Preserving Title IX and ensuring that nothing in the PASS Act affects the rights of any student-athletes or any programs funded through Title IX.
* Protect higher education institutions by:
1. Ensuring that schools, conferences, and associations are not liable for their efforts to comply with the PASS Act.
2. Prohibiting NIL agreements that involve alcohol, drugs, or conflict with existing school and conference licenses.
3. Requiring student-athletes to ask permission to make use of existing intellectual property (IP).
* Preserve the future of college sports by prohibiting inducements.
* Improve transparency of NIL activities by:
1. Requiring agents and collectives to register with a regulating body.
2. Establishing a public-facing website to publish anonymized NIL data.
3. Requiring all NIL contracts to be disclosed within 30 days.
* Moderate the Transfer Portal by:
1. Requiring student-athletes to complete their first three years of academic eligibility before allowing them to transfer without penalty, subject to a few exceptions.
* Ensure the health and safety of student-athletes by:
1. Guaranteeing health insurance for sports-related injuries for uninsured student-athletes for 8 years following graduation from a 4-year institution.
2. Requiring institutions generating more than $20 million and $50 million in athletics revenue to pay out-of-pocket expenses for two and four years, respectively.
3. Requiring institutions to honor the original scholarship commitment made to a student-athlete.
4. Implementing a Uniform Standard Contract for student-athlete use for NIL deals.
5. Enhancing curriculum on financial literacy, NIL rights, and related legal and regulatory issues.
* Strengthen enforcement and oversight by directing the NCAA to oversee and investigate NIL activities and report violations to the Federal Trade Commission.