BillTrack50 logo
Free Signup Login
Bill

Bill > SB2606

MS SB2606

MS SB2606
Financial literacy and NIL education; require for certain student-athletes.

summary

Introduced
01/19/2026
In Committee
01/19/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Define "name, Image And Likeness Activity"; Require State Institutions Of Higher Learning To Provide Mandatory Financial Literacy Workshops For Student-athletes Engaged In Name, Image And Likeness Activities; To Allow All Student-athletes To Participate In Such Workshops; To Prescribe Minimum Requirements For Such Workshops; To Allow State Institutions Of Higher Learning To Contract With Certain Organizations To Produce Such Workshops; And For Related Purposes.

AI Summary

This bill requires state colleges and universities to provide mandatory annual financial literacy workshops for student-athletes who are involved in "name, image and likeness activities," which refers to any activity related to a student-athlete's publicity rights, such as endorsements or sponsorships. While these workshops are mandatory for those engaged in such activities, all student-athletes will have the option to attend. The workshops must cover essential financial topics including contracts, how to handle taxes on income earned from name, image and likeness activities, budgeting, credit management, investments, and how to avoid exploitative financial or legal situations. To facilitate these workshops, institutions are permitted to partner with organizations like the Mississippi Department of Education or the Mississippi Department of Banking and Consumer Finance, or other qualified entities. This legislation is set to become effective on July 1, 2026.

Committee Categories

Education

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

bill text

bill summary

Loading...

bill summary

Loading...
Loading...