No Foreign NIL Funds Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7403 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7403 To prohibit foreign investment in relation to name, image, and likeness agreements, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 5, 2026 Mr. Moore of Utah (for himself and Mr. Veasey) introduced the following bill; which was referred to the Committee on Education and Workforce, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To prohibit foreign investment in relation to name, image, and likeness agreements, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``No Foreign NIL Funds Act''. SEC. 2. FOREIGN INVESTMENT IN NIL AGREEMENTS. (a) Prohibited Compensation.--Any national or entity of a foreign country may not provide, regardless of value, a covered entity with a benefit or a contribution (monetary or in-kind) in relation to a name, image, and likeness agreement. (b) Transparency Requirement.--Any covered entity solicited by an entity under subsection (a) in relation to a name, image, and likeness agreement shall document with the Attorney General and the Secretary of Education such solicitation attempts. (c) Authority To Investigate Institutions.-- (1) In general.--The Attorney General, in coordination with the Secretary of Education, shall investigate suspected violations of subsections (a) and (b) by institutions of higher education. (2) Notice; appeal.--In the case that the Attorney General, in coordination with the Secretary of