Amends TCA Title 49.

Tennessee HB0194 amends existing law regarding intercollegiate athletes' rights to receive compensation for the use of their name, image, or likeness (NIL). It affects four-year public and private institutions of higher education and their athletic programs, allowing athletes to earn compensation while establishing guidelines for third-party involvement, compliance with federal and state laws, and protections against anticompetitive practices by athletic associations. Key provisions include definitions of compensation and institutions, requirements for transparency in agreements, and the establishment of financial literacy workshops for athletes.