Sen. Cantwell Introduces 'HUSTLE' Act Aiming to Protect College Athletes' NIL Compensation
The HUSTLE Act aims to create tax-advantaged NIL investment accounts and cap agent fees at 5% to protect college athletes from financial exploitation and improve literacy.
6 Articles
6 Articles
Blackburn sponsors law to protect NIL athletes' earnings, limit agent fees
WASHINGTON, D.C. (WJHL) — Tennessee Republican Senator Marsha Blackburn is co-sponsoring a bipartisan bill she says will protect college athletes who earn NIL money from exploitation by unscrupulous agents and give them a tax-advantaged way to set aside some of those earnings. "There is a vulnerability there, and that is why this legislation has bipartisan [...]
Blackburn, Cantwell introduce legislation to help college athletes save for future by investing NIL earnings
WASHINGTON, D.C. – U.S. Senators Marsha Blackburn (R-Tenn.) and Maria Cantwell (D-Wash.) introduced the Helping Undergraduate Students Thrive with Long-Term Earnings (HUSTLE) Act, which would create first-of-its kind name, image, and likeness (NIL) tax-advantaged investment accounts for student athletes, require…
Sens. Blackburn and Cantell Introduce HUSTLE Act to Boost Financial Literacy and Secure College Athletes' NIL Earnings
The HUSTLE Act, introduced by Senators Blackburn and Cantwell, aims to protect and educate college athletes on financial matters regarding their NIL earnings.
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