Amends TCA Title 4, Chapter 29; Title 49, Chapter 7; Title 49, Chapter 8 and Title 49, Chapter 9.

Tennessee SB1419 amends existing laws regarding intercollegiate athletes' name, image, and likeness (NIL) by allowing athletes to earn compensation based on fair market value, independent of athletic performance or enrollment status. The bill affects intercollegiate athletes, higher education institutions, and certified NIL representatives, introducing requirements for institutions to provide education and mentorship on NIL, establish oversight committees, and ensure equitable access to NIL opportunities for all institutions. Key provisions include the creation of certified NIL representatives, mandatory workshops for athletes, and the establishment of talent fees and incentive-based revenue-sharing models to support NIL activities.