1. Short title
This Act may be cited as the “Student-Athlete Equity Act”.
Student-Athlete Equity Act
A BILL
To amend the Internal Revenue Code of 1986 to prohibit qualified amateur sports organizations from prohibiting or substantially restricting the use of an athletes name, image, or likeness, and for other purposes.
2. Modification to Definition of Qualified Amateur Sports Organizations
In General— Section 501(j)(2) of the Internal Revenue Code of 1986 is amended by adding after the period at the end the following: “Such term does not include an organization that substantially restricts a student athlete from using, or being reasonably compensated for the third party use of, the name, image, or likeness of such student athlete.”.
Effective Date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.