No Foreign NIL Funds Act

# No Foreign NIL Funds Act (HR 7403) - Summary **What the Bill Would Do** This bill would restrict foreign money from being used in Name, Image, and Likeness (NIL) deals—agreements where athletes are paid to use their names, images, or likenesses for endorsements and marketing. If passed, it would prevent foreign individuals, companies, and government entities from funding these payments to U.S. athletes. The bill aims to keep foreign influence out of American college and professional sports. **Who It Affects** The bill would directly impact college and professional athletes who currently receive NIL payments, as well as the companies and organizations that broker these deals.

It could also affect foreign investors and businesses that see NIL deals as marketing opportunities. The restrictions would apply broadly to any foreign sources of NIL funding. **Current Status** As of now, HR 7403 remains in committee, meaning it has not yet been debated or voted on by the full House of Representatives. This is an early stage in the legislative process, and the bill would need to advance through committee and gain support before becoming law.