# What the Senate passed
On September 28, 2026 the U.S. Senate passed the Protect College Sports Act by a 77-22 vote. The bill would convert the House v. NCAA settlement into federal law and impose a single national framework for how college athletes get paid, who can pay them, agent rules, eligibility limits, and certain school obligations related to injuries.
# Core changes that affect money
The bill treats large donors differently. Anyone who has given more than $50,000 to a school's athletics program is an "associated entity." NIL deals with associated entities are barred unless they serve a valid business purpose and pay market rates. That matches tests already used by the College Sports Commission and has already led to denied deals in practice.
# What families should watch about taxes and financial aid
- Self-employment tax and the need to pay estimated taxes for athletes earning NIL.
- Potential reductions in need-based aid when NIL income is reported on FAFSA.
- Agent commissions, now capped at 5% of a deal's value.
# Agent, eligibility, and health protections
Agents would need to register and could charge no more than 5% of a deal's value. Eligibility changes include one transfer without losing eligibility and a five-year playing window with an age cap of 24. The NCAA would receive limited antitrust protection to enforce those rules.
Schools must cover out-of-pocket medical costs for sports-related injuries for five years after an athlete's final competition, and carry catastrophic injury coverage above $90,000.
# Impact on colleges, budgets, and non-athlete students
# What happens next
The bill must pass the House before January 3, 2027, or it will expire when the current Congress ends. The House is out until at least November 9 and faces competing deadlines such as government funding that expires December 11. The House previously worked on a separate college sports bill (the SCORE Act), which was pulled before action.
# Practical next steps for families and athletes
- Budget for self-employment tax and consider estimated tax payments if NIL income is likely.
- Track NIL income carefully for FAFSA reporting and timing (income in 2026 affects 2028–29 FAFSA).
- Expect agent contracts to reflect the 5% cap and to require registration.
- Review school medical coverage policies and graduation/progress benchmarks that could affect retention funds.