Education, Higher - As introduced, requires institutions of higher education to conduct various programs for intercollegiate athletes covering name, image, and likeness; authorizes institutions of higher education to collect talent fees; makes various other changes to intercollegiate athletes' name, image, and likeness authorizations and requirements. - Amends TCA Title 4, Chapter 29; Title 49, Chapter 7; Title 49, Chapter 8 and Title 49, Chapter 9.

HB 1386 requires Tennessee's four-year public and private colleges and universities to provide mandatory workshops for student-athletes on name, image, and likeness (NIL) contracts, taxes, and financial planning. The bill allows institutions to collect "talent fees" from revenue sources like ticket sales and merchandise to fund NIL opportunities, with at least 50% of NIL-generated funds required to go directly to athletes and their certified representatives. It also establishes a statewide NIL oversight committee to monitor activities, resolve disputes, and publish annual reports, while mandating that NIL representatives be licensed and uphold a fiduciary duty to athletes. The legislation affects all intercollegiate athletes at participating institutions and aims to standardize NIL practices through structured financial and educational requirements.