Amends TCA Title 49.

This bill prohibits a four-year public college or university from: (1) Upholding any rule, requirement, standard, or other limitation that prevents a student athlete from earning compensation as a result of the use of the student athlete's name, image, or likeness; (2) Preventing a student athlete from obtaining professional representation in relation to contracts or legal matters; (3) Entering into a contract that prevents a student athlete from using the student athlete's name, image, or likeness when the student athlete is not engaged in official activities associated with the four-year public college or university or its athletic team; and (4) Discriminating against a student athlete based on an athletic coach's donation to the public institution of higher education. As used in this bill, "discriminate" includes, but is not limited to, playing or not playing an athlete, and awarding or not awarding a scholarship. Under this bill, a student athlete who enters into a contract that provides compensation to the student athlete for use of the student athlete's name, image, or likeness must disclose the contract to an official of the four-year public college or university at which the student athlete participates in intercollegiate athletics. This bill specifies that a scholarship from a four-year public college or university in which a student is enrolled that provides the student with the cost of attendance at the institution will not be considered compensation. This bill prohibits a four-year public college or university from revoking a scholarship as a result of a student athlete earning compensation or obtaining professional representation pursuant to this bill. This bill further prohibits a four-year public college or university, an athletic association, conference, or other group with authority over intercollegiate athletics from providing a prospective student athlete with compensation in relation to the athlete's name, image, or likeness. This bill will take effect on July 1, 2023, and apply to contracts entered into on or after that date.