Roles of conferences and interstate intercollegiate athletic associations

(a) Requirements Each interstate intercollegiate athletic association shall— (1) establish a process by which an individual or entity seeking to represent a student athlete with respect to a name, image, and likeness agreement may register with such interstate intercollegiate athletic association for purposes of NIL representation; and (2) establish and maintain a publicly accessible, searchable database to assist student athletes and the NIL representation of such athletes to estimate the fair market value for name, image, and likeness agreements based on the information provided under section 6. (b) Other roles Each conference or interstate intercollegiate athletic association may— (1) establish and enforce rules relating to— (A) the manner and timing for the recruitment of an athlete before and during the period of eligibility of such athlete for intercollegiate athletic competitions; and (B) the transfer of student athletes between institutions, including prohibiting or limiting compensation to student athletes by institutions and conferences for the purposes of inducing a student athlete to transfer institutions; (2) provide student athletes and the parents and guardians of student athletes with educational materials relating to name, image, and likeness rights; (3) organize championships; and (4) establish bylaws governing membership under which a conference or interstate intercollegiate athletic association may, if in compliance with this Act— (A) remove member institutions; (B) restrict participation in intercollegiate athletic competitions for institutions or student athletes; and (C) restrict eligibility of student athletes for intercollegiate athletic competitions.