# 119-hr-7403: No Foreign NIL Funds Act

119-hr-7403, No Foreign NIL Funds Act, is a 119th Congress bill sponsored by Rep. Moore, Blake D. [R-UT-1] (R-UT); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7403
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7403
- Congress: 119
- Title: No Foreign NIL Funds Act
- Status: introduced
- Introduced: 2026-02-05
- Sponsor: Rep. Moore, Blake D. [R-UT-1] (R-UT)
- Cosponsors: 2
- Policy area: Sports and Recreation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Ban on foreign funding for student-athlete Name, Image, and Likeness (NIL) deals.** This bill would bar foreign countries and foreign-country entities from giving money or in-kind benefits tied to NIL agreements and would require colleges and athletic organizations to report and block such funds. - Student athletes could be declared ineligible for one year if they accept prohibited foreign-funded NIL benefits. Institutions must notify incoming and current varsity athletes about the ban and give annual reminders. - Colleges, athletic conferences, media-rights distributors, and bowl or postseason organizations would have to document solicitations by foreign actors and annually disclose any foreign contracts to the Treasury. The definition of "foreign country" excludes NATO members, Australia, New Zealand, and Ireland. Institutions found in violation could lose eligibility for programs under the Higher Education Act until they submit compliance reports, divest prohibited funds, and face civil penalties under the International Emergency Economic Powers Act. - The Department of Justice, in coordination with the Department of Education, would be authorized to investigate suspected violations, provide a 30-day notice of a determination, and allow appeals to the Department of Education’s Office of Hearings and Appeals. The law would also require coordination with the Committee on Foreign Investment in the United States for Treasury reporting.

## Cosponsors (2)

- Rep. Veasey, Marc A. [D-TX-33] (D-TX), 2026-02-05T00:00:00.000Z
- Rep. Baird, James R. [R-IN-4] (R-IN), 2026-04-14T00:00:00.000Z

## Provisions PRIA read

- One-year suspension rule for athletes: cost, high. If enacted, the bill would require schools to have a policy that bans a student athlete from varsity competition for one year if they violate the Act. Schools would have to tell students who commit to varsity teams about the rule and remind student athletes about it every year. Schools must certify…
- Penalties and Title IV loss for schools: cost, high. If enacted, the bill would let the Attorney General and Education investigate violations and require notice and an appeal process. Violators could face civil penalties referenced to IEEPA. A school found in violation, after any appeal, would be barred from Title IV student aid programs until it sub…
- Ban on foreign-funded NIL deals: cost, medium. If enacted, the bill would bar colleges, athletic conferences, media rights distributors, and bowl organizations from making or keeping contracts that involve financing, ownership, or material participation by a foreign-country entity. It would also stop any foreign national or foreign entity from…
- New reporting on foreign NIL money: cost, low. If enacted, the bill would require yearly reports to the Treasury about any foreign-linked contracts or owners that provide money for covered activities. It would also require covered entities to document and send records to the Attorney General and the Education Department when solicited by a fore…
- Which people and deals are covered: mixed, low. If enacted, the bill would define who counts as a covered person and what deals count as covered activity. Covered activities would focus on money-making deals tied to Division I men's or women's athletics. The bill would define covered entities to include schools, student athletes, collectives, bo…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-3105: Promotion and Expansion of Private Employee Ownership Act of 2025
- 119-hr-9250: Great American Outdoors Act 250
- 119-hr-5401: Pay Our Troops Act of 2026

## Sources
- [119-hr-7403 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7403)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-3105: Promotion and Expansion of Private Employee Ownership Act of 2025](https://policyrisk.com/legislation/119-hr-3105)
- [119-hr-9250: Great American Outdoors Act 250](https://policyrisk.com/legislation/119-hr-9250)
- [119-hr-5401: Pay Our Troops Act of 2026](https://policyrisk.com/legislation/119-hr-5401)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7403 (as of 2026-09-21).