Bill > H1267

This bill aims to allow college athletes to earn compensation from the use of their name, image, and likeness (NIL), while also regulating athlete agents who represent these student-athletes. The key provisions include: 1. Prohibiting colleges, athletic associations, or other governing bodies from preventing student-athletes from earning compensation from their NIL, as long as it does not conflict with their team contract. 2. Requiring athlete agents to register with the state and adhere to specific rules, such as retaining records, providing contracts in writing, and prohibiting false or misleading information or improper inducements. 3. Allowing student-athletes to cancel contracts with athlete agents within 10 days and not be required to pay or return any consideration, unless the cancellation is done after the 10-day period. 4. Empowering the state secretary to assess civil penalties of up to $25,000 for violations of the athlete agent registration requirements. The overall goal is to provide college athletes with the ability to monetize their NIL, while also protecting them from potential exploitation by athlete agents.