[Congressional Record Volume 172, Number 147 (Thursday, September 17, 2026)]
[Senate]
[Page S4824]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6786. Ms. BALDWIN submitted an amendment intended to be proposed 
by her 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 II, add the following:

     SEC. 2__. PROHIBITION ON PARTICIPATION WITH PRIVATE EQUITY 
                   FIRMS.

       (a) Definitions.--In this section:
       (1) Covered firm.--The term ``covered firm'' means an 
     entity that would be considered an investment company under 
     section 3 of the Investment Company Act of 1940 (15 U.S.C. 
     80a-3) but for the application of paragraph (1) or (7) of 
     subsection (c) of such section 3.
       (2) Institution; intercollegiate athletic competition; 
     student athlete.--The terms ``institution'', 
     ``intercollegiate athletic competition'', and ``student 
     athlete'' have the meanings given those terms in section 8 of 
     the Sports Broadcasting Act of 1961, as redesignated by 
     section 201(b)(1) of this Act.
       (b) Prohibition.--Notwithstanding any other provision of 
     this title, or any amendment made by this title, an 
     institution may not participate with a covered firm in any 
     capacity with respect to--
       (1) the sale, licensing, or other conveyance of media 
     rights for intercollegiate athletic competitions; or
       (2) the operation of an intercollegiate sports program at 
     the institution, including with respect to coaching, 
     recruiting, scheduling, or the support of student athletes.
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