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FL H0099
Bill
Status
Failed
5/5/2023
Primary Sponsor
Postsecondary Education & Workforce Subcommittee
Click for details
AI Summary
- Removes the requirement that name, image, and likeness (NIL) compensation for intercollegiate athletes come only from third parties unaffiliated with the athlete's institution, while still prohibiting institutions and affiliated entities from directly compensating current or prospective athletes
- Allows institutions, supporting entities, and their officers/employees to cause NIL compensation to be directed to current (but not prospective) intercollegiate athletes, provided the action does not conflict with other provisions of the law
- Prohibits entities contracted to provide disclosure, compliance, or educational services for an institution from directing NIL compensation to current or prospective athletes
- Expands the required financial literacy, entrepreneurship, and life skills workshop from the first and third academic years to a minimum of 5 hours during each academic year, and requires the workshop be conducted within 120 days for transfer athletes beginning with the 2023-2024 academic year
- Authorizes postsecondary institutions to provide free contract review, tax preparation, and financial advisor services to intercollegiate athletes, and prohibits the use of an institution's trademark or mark in NIL agreements without the institution's express written consent
Legislative Description
Intercollegiate Athlete Compensation and Rights
Last Action
Died in Education & Employment Committee
5/5/2023
Committee Referrals
Education & Employment Committee1/20/2023
Postsecondary Education & Workforce Subcommittee1/10/2023
Full Bill Text
No bill text available