The gist

Creates tax-free NIL investment accounts for college athletes and caps sports agent fees at 5% of endorsement deals. Affects student-athletes earning name, image, and likeness (NIL) money.

Who wins, who loses

• Wins: college athletes earning NIL money, especially those graduating into non-pro careers.
• Loses: sports agents charging high commissions; athletes who skip college lose the tax break.

What it does

• Lets athletes exclude NIL income from taxes if deposited into the account (5-year contribution window).
• Taxes withdrawals as ordinary income before graduation; long-term capital gains rates after.
• Adds 10% penalty on non-qualified early withdrawals; allows $35,000 lifetime rollover to IRA or Roth IRA.
• Caps agent fees at 5% and lets athletes sue agents in court, voiding forced arbitration clauses.

Why should I care?

Supporters say young athletes blow through NIL money fast and need tools to build long-term wealth, plus protection from predatory agents. Critics argue the tax break mostly helps elite earners at big schools, widening gaps with non-athlete students who pay full taxes on their jobs. Where do you land? Vote below and use "Tell Your Rep" to make sure your voice reaches Congress.