Pennsylvania Duck Moderator No. 1 Share Posted July 22, 2023 U.S. Senators Richard Blumenthal (D-Conn.), Jerry Moran (R-Kan.) and Cory Booker (D-N.J.) on Thursday circulated a discussion draft of federal legislation they say would protect college athletes’ economic, health and educational rights. The bill is called the College Athletes Protection & Compensation Act, and it would preempt state NIL laws. Moran said Thursday he believes this is the first bipartisan bill draft that could make it through a vote in the Senate. The bill proposes the formation of the College Athletics Corporation (CAC), a central oversight entity that would set, administer, and enforce rules and standards to protect athletes who enter into endorsement contracts. The CAC would establish rules and investigatory processes to enforce this law. There would be a 15-member board of directors that oversees the CAC, and at least five board members must be current or former college athletes. The CAC would have its own constitution and bylaws. It would also have subpoena power and could use it to compel deposition testimony on behalf of the NCAA if it has “appropriate requests.” The discussion draft includes, but is not limited to, the following... Bipartisan NIL bill draft outlines new central oversight body for college sports THEATHLETIC.COM The bill is called the College Athletes Protection & Compensation Act, and it would preempt state NIL laws. Here's what would be in... Link to post Share on other sites More sharing options...
Pennsylvania Duck Author Moderator No. 2 Share Posted July 22, 2023 Power 5 conferences release statement on bipartisan NIL bill draft Since Charlie Baker took over as NCAA president in March, the former Massachusetts governor has made multiple trips to Washington, D.C., lobbying Congress for NIL guardrails. He has received help from conference commissioners and athletic directors along the way. The Power 5 conferences have not publicly been in unison with the efforts. That changed Friday afternoon, as members of the Power 5, also named the “Autonomy Five Conferences,” issued a statement “applauding” the bipartisan NIL bill draft released by U.S. Sens. Richard Blumenthal (D-CT), Cory Booker (D-N.J.) and Jerry Moran (R-KS). The legislation would preempt “most if not all” state laws, while also establishing a database and “affording the association a degree of legal protection.” Power 5 conferences release statement on bipartisan NIL bill draft - On3 WWW.ON3.COM The Power 5 released a statement Friday backing the bipartisan NIL bill draft released on Thursday by three U.S. Senators. 1 Link to post Share on other sites More sharing options...
Log Haulin No. 3 Share Posted July 22, 2023 Great... more taxes 1 Link to post Share on other sites More sharing options...
Jon Joseph Moderator No. 4 Share Posted July 23, 2023 A 15-member committee instead of a single overseer with enforcement powers? This should work out well, right? Link to post Share on other sites More sharing options...
