No Foreign NIL Funds Act

This bill prohibits foreign governments and entities from providing any financial or in-kind benefits related to student athletes' name, image, and likeness (NIL) agreements. It directly affects colleges, athletic conferences, media distributors, and student athletes by banning foreign investment in college sports revenue streams - including media rights, sponsorships, and facility naming. Institutions must report foreign solicitations to federal agencies and face penalties under the International Emergency Economic Powers Act for violations. The law also requires schools to bar athletes who violate these rules from competing for one year and to annually inform athletes about the restrictions.