REPS. STEUBE, BOYLE INTRODUCE HUSTLE ACT TO HELP COLLEGE ATHLETES INVEST NIL EARNINGS AND BUILD LONG-TERM FINANCIAL SECURITY

Washington, July 1 -- Representative Greg Steube issued the following press release:

U.S. Representatives Greg Steube (R-Fla.) and Brendan Boyle (D-Pa.) today introduced the Helping Undergraduate Students Thrive with Long-Term Earnings (HUSTLE) Act, bipartisan legislation that would create first-of-its-kind tax-advantaged investment accounts allowing college athletes to grow their name, image, and likeness (NIL) earnings without federal income tax liability and build lasting financial security. This bill is led in the Senate (https://www.cantwell.senate.gov/news/press-releases/cantwell-and-blackburn-introduce-bipartisan-legislation-to-protect-college-athletes-new-nil-compensation) by Senators Marsha Blackburn (R-Tenn.) and Maria Cantwell (...