New congressional NIL bill targets collectives with threat of perjury for non-compliance

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In maybe the most interesting and unique section of the FAIR College Sports Act, the draft targets collectives, requiring them to register with an independent third party responsible for overseeing NIL called the United States Intercollegiate Athletic Committee . As part of the registration process, collectives would have to disclose their registry of donors.

- creates the 21-member USIAC to oversee NIL, mostly approving agents, third parties and collectives through a registration system. Bilirakis’ bill is one that many college leaders have championed as having real momentum to advance through the Republican-led House of Representatives. Bilirakis is the chairman of the Innovation, Data and Commerce Subcommittee, a group that held the last NIL hearing in the spring and one that likely has authority over NIL legislation.

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