S.Amdt. 6829

SA 6829. Mr. SCOTT submitted an amendment intended to be proposed to
amendment SA 6776 proposed by Mr. Thune (for Mr. Cruz (for himself, Ms.
Cantwell, Mr. Schmitt, and Mr. Coons)) to the bill S. 4668, to protect
the name, image, and likeness rights of, and provide protections for,
student athletes and to promote fair competition among intercollegiate
athletics, and for other purposes; which was ordered to lie on the
table; as follows:
At the end of title I, add the following:

SEC. 129. DISCLOSURE OF FOREIGN FINANCING OF INTERCOLLEGIATE
ATHLETICS.

(a) Disclosure to Intercollegiate Athletic Association.--
(1) In general.--A covered person shall disclose to the
relevant intercollegiate athletic association (except in the
case of a covered person that is an intercollegiate athletic
association) all amounts received by the covered person
relating to intercollegiate athletics from a foreign
government, a foreign adversary, a state-owned enterprise, a
sovereign wealth fund, or any other foreign source.
(2) Disclosure deadlines.--Disclosures under paragraph (1)
shall be made not later than 30 days after--
(A) entering into a relevant transaction or receiving
funds, whichever occurs first; or
(B) any material change that would impact a previous
disclosure.
(b) Report and Public Availability.--
(1) In general.--Not later than August 1 of each year, each
intercollegiate athletic association shall submit to the
Secretary of Education, the Committee on Commerce, Science,
and Transportation of the Senate, and the Committee on Energy
and Commerce of the House of Representatives a report on--
(A) all disclosures received under subsection (a) during
the one-year period preceding the date of the report; and
(B) any amounts received by the intercollegiate athletic
association relating to intercollegiate athletics from a
foreign government, a foreign adversary, a state-owned
enterprise, a sovereign wealth fund, or any other foreign
source during the one-year period preceding the date of the
report.
(2) Public availability.--Each intercollegiate athletic
association shall publish on a publicly available website an
updated disclosure containing the matter required under
paragraph (1) not later than January 31 and July 31 of each
year.
(c) Definitions.--In this section:
(1) Covered person.--The term ``covered person'' means--
(A) an institution;
(B) a conference;
(C) an intercollegiate athletic association;
(D) an associated entity;
(E) a collective;
(F) an athlete agent receiving or arranging funds on behalf
of an athlete; or
(G) an entity selling or licensing media, sponsorship,
apparel, or commercial rights relating to college sports.
(2) Foreign adversary.--The term ``foreign adversary'' has
the meaning given the term ``covered nation'' in section 4872
of title 10, United States Code.
(3) Foreign source.--The term ``foreign source'' has the
meaning given that term in section 117 of the Higher
Education Act of 1965 (20 U.S.C. 1011f).
(4) Sovereign wealth fund.--The term ``sovereign wealth
fund'' means an investment fund, investment vehicle, or
investment entity established, owned, controlled, or directed
by a foreign government, including any subsidiary or
affiliate controlled by such fund, vehicle, or entity.

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