No Foreign NIL Funds Act

The No Foreign NIL Funds Act would ban foreign governments and their entities from providing money or benefits to college athletes through name, image, and likeness (NIL) agreements. NIL deals allow college athletes to earn money by using their names, images, or likenesses for endorsements and sponsorships. The bill would also extend restrictions to prevent foreign investment in collegiate athletic revenue streams, sponsorships, media rights deals, and hosting of college athletic events abroad. Supporters argue this protects against foreign governments using college sports to gain political influence or leverage over American institutions and universities.

The bill would require colleges and athletic organizations to report any solicitation attempts from foreign entities to the Attorney General and Secretary of Education. If a university is found to violate the law, the Attorney General could investigate and notify the institution. Student athletes who violate the requirements would be prohibited from participating in college sports for one year, though they could regain eligibility by demonstrating compliance and divesting from prohibited funds. The legislation would carve out exceptions for NATO members, Australia, New Zealand, and Ireland, allowing these allied nations to continue participating in such agreements.