The bill states that a public or private institution of higher
education (institution) may identify, create, solicit, facilitate, and otherwise enable opportunities for a student athlete to earn compensation for the use of the student athlete's name, image, or likeness so long as the institution first acquires the consent of the student athlete. An institution that solicits such an opportunity for a student athlete must inform the student athlete of the solicitation within 72 hours after the solicitation.
The bill states that a charitable organization that is not an
institution and that is exempt from taxation under federal law may compensate a student athlete for the use of the student athlete's name, image, or likeness.
