HUSTLE Act Helping Undergraduate Students Thrive with Long-Term...
To amend the Internal Revenue Code of 1986 to establish name, image, and likeness investment accounts for student-athletes, and for other purposes.
This bill proposes to amend the Internal Revenue Code to create special investment accounts for student-athletes. These accounts, called name, image, and likeness (NIL) investment accounts, would allow student-athletes to save and invest earnings from their name, image, and likeness rights. This means that student-athletes could set aside a portion of their NIL earnings in accounts that could grow over time.
The bill would primarily affect student-athletes who have the opportunity to earn money from their NIL rights. By creating these investment accounts, the bill aims to help student-athletes better manage and grow their earnings, potentially providing financial stability and security beyond their college sports careers.
The bill was introduced on June 30, 2026, and has been referred to the House Committee on Ways and Means for further consideration. This committee will review the bill, hold hearings, and potentially make amendments before deciding whether to send it to the full House for a vote.
