Washington, Sept. 4 -- Rep. Terri Sewell issued the following press release:
As college football season gets underway, U.S. Rep. Terri Sewell (AL-07), a senior member of the House Ways and Means Committee, introduced the Protecting Student-Athletes from Unexpected Tax Liability Act, legislation to help college athletes avoid unexpected federal tax bills and penalties on income they earn through name, image, and likeness (NIL) agreements.
"I am thrilled that college athletes are finally being compensated for the tremendous talent, hard work, and value they bring to their schools, communities, and sports," said Rep. Sewell. "But as the NIL landscape continues to evolve, too many young athletes are being asked to navigate complex tax obligat...