Senators Tuberville and Manchin have introduced the first bill to regulate NIL, though others are still in the drafting stage. NCAA President calls it a ‘major step’.
It sounds like the bill has some pretty wide ranging clauses, including limiting the ability for athletes to transfer without sitting out a year.
I imagine if a bill was passed that negated some deals already in place that in order to continue playing under the NCAA umbrella , they would need to be cancelled ( or re -worked to comply). The bill might also have some sort of grandfather clause as well
Here’s what Manchin’s website has to say about the PASS bill:
Among the exceptions to the transfer limitations is that players still get an opportunity to transfer if their coach leaves or is fired.