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US HB7403
Bill
Status
2/5/2026
Primary Sponsor
Blake Moore
Click for details
AI Summary
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Foreign nationals and foreign entities are prohibited from providing any monetary or in-kind compensation to colleges, student athletes, or NIL collectives in connection with name, image, and likeness agreements
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Colleges, athletic conferences, media distributors, and bowl organizations cannot enter into contracts, sponsorships, naming rights deals, or media arrangements involving financing or ownership by foreign countries (excluding NATO members, Australia, New Zealand, and Ireland)
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Institutions must report any foreign solicitation attempts to the Attorney General and Secretary of Education, and violating institutions lose eligibility for federal higher education programs until they demonstrate compliance and divest prohibited funds
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Student athletes who violate the foreign NIL prohibition face a 1-year ban from participating in intercollegiate athletics at their institution
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Violators face civil and criminal penalties under the International Emergency Economic Powers Act (50 U.S.C. 1705), which can include fines up to $250,000 for individuals and $1 million for entities per violation
Legislative Description
No Foreign NIL Funds Act
Last Action
Referred to the Committee on Education and Workforce, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2/5/2026