College Athlete Economic Freedom Act

The College Athlete Economic Freedom Act establishes that college athletes have the right to market their name, image, and likeness (NIL) without restrictions from institutions of higher education or intercollegiate athletic associations. The bill prohibits institutions from colluding to limit payments for NIL rights or preventing athletes from forming collective representatives to negotiate these agreements. It requires institutions to provide equitable support for NIL marketing regardless of gender, race, or sport, and mandates reporting by institutional NIL collectives on agreements facilitated. The bill also amends immigration law to allow international college athletes to engage in NIL activities without affecting their visa status. Enforcement provisions include FTC oversight and private legal action for violations of the act's provisions.