SPEAKING AND WRITING Topics

Besides working with clients, Carlos is a writer and speaker on various financial topics. He presents based off of his past experiences and exensive research from almost two decades in the financial services industry.

Name, Image, and Likeness (NIL)

California Senate Bill 206 or the “Fair Pay to Play Act” was first signed into law on September 30, 2019. The NCAA, state legislators, and members of Congress proposed rules that provide athletes the opportunity to make money by selling their Name, Image, and Likeness (NIL) rights while playing in college.

Federal NIL Bills

Here are the 7 proposed federal bills which include:

  1. Student-Athlete Equity Act (H.R. 1804): Introduced in the House on 03/14/2019
  2. Fairness in Collegiate Athletics Act (S. 4004): Introduced in the Senate on 06/18/2020
  3. College Athletes Bill of Rights (S. 5062): Introduced in the Senate on 12/17/2020
  4. College Athlete Economic Freedom Act (H.R. 850): Introduced in the House on 02/04/2021
  5. Amateur Athletes Protection and Compensation Act of 2021 (S. 414): Introduced in the Senate on 02/24/2021
  6. Student Athlete Level Playing Field Act (H.R. 2841): Introduced in the House on 04/26/2021
  7. Collegiate Athlete Compensation Rights Act (S. 4855): Introduced in the Senate on 09/14/2022

As of January 1, 2023, none are law.

States with Passed NIL Laws (and Effective Dates)

Here are the 32 states with laws and upcoming effective dates (or already in place) which include:

  1. Alabama: House Bill 404 and Senate Bill 230 (Effective: 07/01/2021)
  2. Arizona: Senate Bill 1296 (Effective: 07/23/2021)
  3. Arkansas: House Bill 1671 (Effective: 01/01/2022)
  4. California: Senate Bill 206 (Effective: 01/01/2023)
  5. Colorado: Senate Bill 20-123 (Effective: 01/01/2023)
  6. Connecticut: Senate Bill 20 (Effective: 07/01/2021)
  7. Delaware: Senate Bill 297 (Effective: 01/01/2023)
  8. Florida: Senate Bill 646 (Effective: 07/01/2021)
  9. Georgia: House Bill 617 (Effective: 07/01/2021)
  10. Illinois: House Bill 1175 (Effective: 07/01/2021)
  11. Kentucky: Senate Bill 6 (Effective: 07/01/2021)
  12. Louisiana: Senate Bill 250 (Effective: 07/01/2021)
  13. Maine: Senate Bill 663 (Effective: 03/31/2022)
  14. Maryland: Senate Bill 439 (Effective: 07/01/2023)
  15. Michigan: House Bill 5217 (Effective: 12/31/2022)
  16. Mississippi: Senate Bill 2313 (Effective: 07/01/2021)
  17. Missouri: House Bill 297 (Effective: 08/28/2021)
  18. Montana: Senate Bill 248 (Effective: 06/01/2022)
  19. Nebraska: Legislature Bill 962 (Effective: July 1, 2023, or before)
  20. Nevada: Assembly Bill 254 (Effective: 01/01/2022)
  21. New Jersey: Senate Bill 971 (Effective: 09/2025)
  22. New Mexico: Senate Bill 94 (Effective: 07/01/2021)
  23. New York: Assembly Bill 5115, Senate Bill 3513, and Senate Bill 4771 (Effective: 01/01/2023)
  24. North Carolina: Executive Order 223 (Effective: 07/02/2021)
  25. Ohio: Senate Bill 187 (Effective: 07/01/2021)
  26. Oklahoma: Senate Bill 48 (Effective: 07/01/2023, or before)
  27. Oregon: Senate Bill 5 (Effective: 07/01/2021)
  28. Pennsylvania: Senate Bill 381 (Effective: 06/30/2021)
  29. South Carolina: Senate Bill 685 (Effective: 07/01/2022)
  30. Tennessee: House Bill 2249 (Effective: 01/01/2022)
  31. Texas: Senate Bill 1385 (Effective: 07/01/2021)
  32. Virginia: Senate Bill 223 (Effective: 07/01/2022)

States with Proposed NIL Bills

Here are the states with proposed bills which include:

  1. Massachusetts: House Bill 1335, House Bill 1340, and Senate Bill 832
  2. Rhode Island: House Bill 6673
  3. Washington: Senate Bill 5870 and Senate Bill 5942

As of January 1, 2023, there are pending bills in both California and New Jersey to amend current N.I.L. laws. Please see California Senate Bill 26, California Assembly Bill 609, and New Jersey Assembly Bill 2356.

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