TN HB0194

Intercollegiate athletes at Tennessee four-year institutions may receive compensation for name, image, and likeness (NIL) use, enrollment status, roster position, and other categories available to similarly situated athletes in interstate commerce

Institutions, affiliated foundations, and authorized third parties may directly facilitate and provide NIL compensation to athletes unless prohibited by federal law, valid court orders, or compliant athletic association rules

Athletic associations (such as the NCAA) are prohibited from enforcing anticompetitive restrictions, threatening institutions' membership rights, or penalizing schools for compliance with this law, and must fully indemnify the state and institutions from damages arising from noncompliance

Athletes are prohibited from NIL activities promoting gambling, tobacco, THC products, alcohol, or adult entertainment, and institutions may restrict activities conflicting with institutional values or existing agreements

Institutions must conduct mandatory financial literacy workshops for athletes during their first enrollment term, covering budgeting, debt management, and NIL requirements