Grants for analyzing name, image, likeness, and athletic reputation monetization

(a) Definitions In this section: (1) Eligible entity The term eligible entity means— (A) a business in the United States; (B) a public or private education and research organization in the United States; or (C) a consortium of entities described in subparagraph (A) or (B). (2) Secretary The term Secretary means the Secretary of Commerce. (b) Grants authorized Not less frequently than annually, the Secretary may award a grant to, or enter into a contract or a cooperative agreement with, an eligible entity for the purpose of conducting a market analysis of the monetization of the rights granted to college athletes and prospective college athletes under this Act during the 1-year period preceding the date on which the analysis is completed. (c) Requirements An eligible entity that receives a grant or enters into a contract or cooperative agreement to conduct an analysis under subsection (b) shall— (1) make the analysis and information relating to the analysis available to the public, including— (A) the surveys and interviews conducted by the eligible entity during the course of the analysis; and (B) estimates of the compensation received by college athletes and prospective college athletes during the 1-year period preceding the date on which the analysis is completed as a result of the monetization of the names, images, or likenesses of such college athletes and prospective college athletes, disaggregated by— (i) gender; (ii) race; and (iii) sport; and (2) provide recommendations to the Secretary to address any disparity among estimates based on the factors described in clauses (i), (ii), and (iii) of paragraph (1)(B). (d) Public availability of recommendations The Secretary shall make available to the public any recommendations received under subsection (c)(2). (e) Authorization of appropriations There are authorized to be appropriated to the Secretary such sums as may be necessary to carry out this section.