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Athlete Opportunity and Taxpayer Integrity Act
3/11/2024, 6:22 PM
Summary of Bill S 1454
Bill 118 s 1454, also known as the Athlete Opportunity and Taxpayer Integrity Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address issues related to college athletes and their ability to profit from their name, image, and likeness (NIL).
The bill aims to provide college athletes with the opportunity to earn money from endorsements, sponsorships, and other commercial deals without jeopardizing their eligibility to participate in collegiate sports. This would allow athletes to capitalize on their fame and popularity while still maintaining their amateur status.
Additionally, the Athlete Opportunity and Taxpayer Integrity Act seeks to establish guidelines and regulations to ensure that these opportunities are fair and transparent for both athletes and the institutions they represent. The bill also includes provisions to protect athletes from exploitation and ensure that they are compensated fairly for their contributions to the sports industry. Overall, the Athlete Opportunity and Taxpayer Integrity Act is designed to promote fairness, transparency, and integrity in college athletics while also providing athletes with the opportunity to benefit financially from their talents and hard work.
The bill aims to provide college athletes with the opportunity to earn money from endorsements, sponsorships, and other commercial deals without jeopardizing their eligibility to participate in collegiate sports. This would allow athletes to capitalize on their fame and popularity while still maintaining their amateur status.
Additionally, the Athlete Opportunity and Taxpayer Integrity Act seeks to establish guidelines and regulations to ensure that these opportunities are fair and transparent for both athletes and the institutions they represent. The bill also includes provisions to protect athletes from exploitation and ensure that they are compensated fairly for their contributions to the sports industry. Overall, the Athlete Opportunity and Taxpayer Integrity Act is designed to promote fairness, transparency, and integrity in college athletics while also providing athletes with the opportunity to benefit financially from their talents and hard work.
Congressional Summary of S 1454
Athlete Opportunity and Taxpayer Integrity Act
This bill denies a tax deduction for contributions (except contributions made directly to certain institutions of higher education) used to compensate one or more secondary or post-secondary school athletes for the use of their names, images, or likenesses by reason of their status as athletes.
Read the Full Bill
Current Status of Bill S 1454
Bill S 1454 is currently in the status of Bill Introduced since May 4, 2023. Bill S 1454 was introduced during Congress 118 and was introduced to the Senate on May 4, 2023. Bill S 1454's most recent activity was Read twice and referred to the Committee on Finance. (text: CR S1536) as of May 4, 2023
Bipartisan Support of Bill S 1454
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1454
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 1454
Athlete Opportunity and Taxpayer Integrity Act
Athlete Opportunity and Taxpayer Integrity Act
A bill to amend the Internal Revenue Code of 1986 to disallow a deduction for charitable contributions for certain purposes relating to college athletics.
Comments
Sponsors and Cosponsors of S 1454
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