- Stage
- In committee
- Started in
- House
- Sponsors
- 2
- Latest action
- Jun 30, 2026
What it does
The HUSTLE Act would create tax-advantaged NIL (name, image, and likeness) investment accounts for eligible student-athletes enrolled at participating colleges and universities, allowing them to defer taxation on qualified NIL income contributed to these accounts. Contributions are limited annually and subject to a five-year cap after the athlete begins receiving NIL income, while distributions are taxed as ordinary income unless made after graduation or transfer to a non-participating institution, in which case they may qualify for long-term capital gains rates up to a statutory limit. The bill also imposes a 10% additional tax on non-qualified distributions not used for approved expenses…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.