Here are the main points:
- The Pass Act would force boosters and collectives to be affiliated with a school. It would also prohibit NIL from being used as an inducement in recruiting and the transfer portal.
- Provide coverage for sports-related injuries for uninsured athletes for eight years following graduation from a four-year university. Larger schools – Power 5 programs – would be required to pay for expenses even after athletes leaves the school.
- Collectives can promote their program, assist in recruiting and assist in providing benefits to recruits, athletes or parents of athletes, but only if the organization is formally associated with the school through an official contract.
- Require athletes to participate in financial literacy training.
- Contracts would be required to be made public for any non-athlete parties involved in NIL. This would make it ideal for the FTC to launch investigations.
- Uniform contracts would be required.
- NIL deals involving athletes or institutions would be prohibited in specific industries, including drug paraphernalia, dangerous weapons and gambling.
- If enacted, athletes would be prohibited from entering the transfer portal in the first three years of eligibility, with some exceptions.
