[Congressional Record Volume 172, Number 152 (Thursday, September 24, 2026)]
[Senate]
[Page S5012]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6830. Mr. SCOTT of South Carolina 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 that exceed $600 in value received 
     by the covered person relating to intercollegiate athletics 
     from a foreign government, a foreign adversary, a state-owned 
     enterprise, or a sovereign wealth fund.
       (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, or a sovereign wealth fund 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; or
       (C) an intercollegiate athletic association.
       (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) 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.
                                 ______