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New NIL bill draft targets collectives with threat of perjury for non-compliance

Sep 4, 2023

WASHINGTON, D.C. — The latest college sports congressional legislation would require collectives managing name, image and likeness (NIL) money to submit contact details for school donors who contribute, or risk “perjury.”

An updated discussion draft of Rep. Gus Bilirakis’ NIL bill, obtained by Yahoo Sports, prohibits collectives from entering into NIL deals with athletes until they are enrolled in school for 90 days, outlaws tampering with other teams’ athletes and creates a public-facing database of figures from NIL deals across college sports.

In maybe the most interesting and unique section of the FAIR College Sports Act, the draft targets collectives, requiring them to register with an independent third party responsible for overseeing NIL called the United States Intercollegiate Athletic Committee (USIAC). As part of the registration process, collectives would have to disclose their registry of donors.

Source: Yahoo Sports

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