Determination of NIL market value

(a) Disclosure requirements (1) In general Not later than July 1 of the first year beginning after the date of the enactment of this Act, and annually thereafter, each institution shall provide, in an anonymized manner, to any interstate intercollegiate athletic association of which such institution is a member the following data with respect to each name, image, and likeness agreement disclosed to the institution under section 3(a)(3) during the preceding year: (A) A description of services rendered by the student athlete under such agreement. (B) The amount of compensation to be provided to the student athlete under such agreement. (2) Protection of personally identifiable information In providing data under paragraph (1), an institution shall ensure that no personally identifiable information of a student athlete is transmitted. (b) Database (1) In general Data provided to an interstate intercollegiate athletic association under subsection (a) shall be used by such association to establish and maintain a publicly accessible, searchable database for student athletes and the NIL representation of such athletes to estimate the fair market value for name, image, and likeness agreements. (2) Privacy An interstate intercollegiate athletic association shall take reasonable measures to ensure that data available in the database described in paragraph (1) is unable to be used to identify a student athlete.