Bipartisan Senate Bill Proposes New Federal Oversight of College Athlete Compensation, Health

Bipartisan senators introduced draft bill to establish national NIL rules and a new regulatory body called the College Athletics Corporation.
The proposed corporation would oversee NIL deals, certify athlete representatives, and enforce athlete protections.
Bill aims to increase transparency around school finances and endorsement contracts.
Legislation would create medical trust fund to provide healthcare for current and former college athletes.
NCAA leaders have urged Congress to pass federal law to preempt varied state NIL laws.