summary
Introduced
03/14/2019
03/14/2019
In Committee
03/14/2019
03/14/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to prohibit qualified amateur sports organizations from prohibiting or substantially restricting the use of an athletes name, image, or likeness, and for other purposes. This bill modifies the definition of a tax-exempt amateur sports organization to exclude organizations that substantially restrict a student athlete from using, or being reasonably compensated for the third party use of, the athlete's name, image, or likeness.
AI Summary
This bill, the Student-Athlete Equity Act, amends the Internal Revenue Code to modify the definition of a tax-exempt amateur sports organization. The bill excludes organizations that substantially restrict a student-athlete from using or being reasonably compensated for the third-party use of the athlete's name, image, or likeness. This change is effective for taxable years beginning after the date of the bill's enactment, allowing student-athletes to potentially receive compensation for the use of their name, image, or likeness.
Committee Categories
Budget and Finance
Sponsors (9)
Mark Walker (R)*,
Pete Aguilar (D),
Colin Allred (D),
Matt Gaetz (R),
Alcee Hastings (D),
Dan Meuser (R),
John Ratcliffe (R),
Cedric Richmond (D),
John Yarmuth (D),
Last Action
Referred to the House Committee on Ways and Means. (on 03/14/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/1804/all-info |
| BillText | https://www.congress.gov/116/bills/hr1804/BILLS-116hr1804ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr1804/BILLS-116hr1804ih.pdf.pdf |
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