HR9568Referred to Committee

To amend the Internal Revenue Code of 1986 to establish name, image, and likeness investment accounts for student-athletes, and for other purposes.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-30
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

W. Gregory Steube
W. Gregory Steube
Republican · FL · Representative
Votes with party: 90.5% (571 recorded votes)

Full profile: /officials/S001214

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-06-30

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The proposal would allow student-athletes to set up special tax-advantaged savings accounts for money they earn from using their name, image, or likeness in endorsements and sponsorships. Similar to how people can save for retirement or education with tax breaks, student-athletes could put earnings from these deals into these accounts and potentially reduce their tax burden. This would affect college and university athletes who are now permitted to profit from their personal brand.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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