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New HUSTLE Act Aims to Safeguard College Athletes' Futures

12/9/2025

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Summary

Story summary

Senator Marsha Blackburn (R-TN) and Senator Maria Cantwell (D-WA) introduced the HUSTLE Act to protect college athletes' futures.
The act would create name, image, and likeness (NIL) investment accounts, allowing athletes to save earnings and cap agent fees at 5%.
It requires agent registration, prohibits deceptive practices, and mandates financial education for trustees.
Unused funds may roll into retirement accounts after one year post-college, with SEC Commissioner Greg Sankey's support.

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Story summary

Senator Marsha Blackburn (R-TN) and Senator Maria Cantwell (D-WA) introduced the HUSTLE Act to protect college athletes' futures.
The act would create name, image, and likeness (NIL) investment accounts, allowing athletes to save earnings and cap agent fees at 5%.
It requires agent registration, prohibits deceptive practices, and mandates financial education for trustees.
Unused funds may roll into retirement accounts after one year post-college, with SEC Commissioner Greg Sankey's support.