HB 7B Summary

• Requires athlete agents representing intercollegiate athletes for name, image, or likeness compensation to hold a valid license under Florida law, notwithstanding conference or association rules.

• Permits intercollegiate athletes to earn compensation for use of their name, image, or likeness from third parties unaffiliated with their institution, with compensation based on market value and not tied to athletic performance or attendance.

• Prohibits postsecondary educational institutions from adopting rules that prevent athletes from earning such compensation or obtaining professional representation by licensed athlete agents or Florida Bar members.

• Requires postsecondary educational institutions to conduct at least two financial literacy, life skills, and entrepreneurship workshops (minimum 5 hours each) before an athlete's graduation, with the second workshop requiring more rigorous instruction.

• Provides liability protection for postsecondary educational institutions and their employees, including athletic coaches, for damages to athletes' ability to earn compensation resulting from routine decisions and actions in intercollegiate athletics.