# 119-hr-9568: HUSTLE Act

119-hr-9568, HUSTLE Act, is a 119th Congress bill sponsored by Rep. Steube, W. Gregory [R-FL-17] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-07-16).

- Canonical: https://policyrisk.com/legislation/119-hr-9568
- As of: 2026-07-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9568
- Congress: 119
- Title: HUSTLE Act
- Status: introduced
- Introduced: 2026-06-30
- Sponsor: Rep. Steube, W. Gregory [R-FL-17] (R-FL)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-07-16

## Summary

**Creates tax-favored NIL investment accounts for student-athletes** so they can funnel name, image, and likeness earnings into a trust with special tax rules and limits. The new Part X of the tax code defines who qualifies, what counts as qualified NIL income, how trustees must operate, and when money can move to retirement accounts.

## Cosponsors (1)

- Rep. Boyle, Brendan F. [D-PA-2] (D-PA), 2026-06-30T00:00:00.000Z

## Provisions PRIA read

- New NIL accounts for student-athletes: benefit, high. If enacted, eligible student-athletes would be able to open a new U.S. trust called an NIL investment account. Accounts would accept only cash NIL earnings and must be run by a bank or an approved trustee. Trustees could not buy life insurance for the account and must give educational materials at…
- Move NIL money into IRAs: benefit, medium. If enacted, someone who stopped being an eligible athlete at least one year could convert some or all of an NIL account into an IRA, Roth IRA, or another Treasury-approved retirement account. Conversions would be treated as rollovers. In any taxable year, the amount you could convert could not exce…
- Taxes on NIL withdrawals and rollovers: mixed, high. If enacted, distributions from an NIL account would be taxed when paid. Withdrawals before you graduate or before you transfer to a non-participating school would be taxed as ordinary income. Withdrawals on or after graduation or certain transfers could get long-term capital gains treatment up to t…
- Exclude NIL earnings now, with limits: mixed, medium. If enacted, an eligible athlete could elect to exclude qualified NIL income contributed to an NIL account from gross income in the year contributed. Money contributed and excluded would not count as self-employment earnings for that contribution year, but taxable withdrawals later would count for s…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-4206: CONNECT for Health Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-3105: Promotion and Expansion of Private Employee Ownership Act of 2025

## Sources
- [119-hr-9568 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9568)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [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)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9568 (as of 2026-07-16).