College Sports NIL · Developing story · 2 reports

Congressional Hearing Discusses Ohio Sports Financing and International College Athlete Payments

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Congressional Hearing Discusses Ohio Sports Financing and International College Athlete Payments

Jul 7, 2026

The clip shows Rep. Mike Carey (R-OH) testifying at a congressional hearing on sports tax treatment. He highlights Ohio's sports history, Columbus-area development tools for a new NWSL team, and public-private financing via New Community Authorities before asking about international athletes' access to revenue-sharing payments. An expert witness, Mr. McNight, explains F-1 visa employment limits, the post-House settlement landscape effective July 2025, and schools' use of passive royalty classifications to enable payments without violating visa rules. The segment ends with Carey submitting additional questions for the record.

▶ Source: Forbes Breaking News

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Buchanan Urges Athlete Protections in College Sports Tax Update Hearing

Jul 7, 2026

The clip shows Rep. Vern Buchanan (R-FL) testifying in a congressional hearing on updating taxation rules for college sports. He draws on his sons' Division I football experiences to highlight physical risks, concussions, and low retention rates among players, arguing that athletes deserve more consideration amid billions in revenue. Buchanan suggests structuring NIL or compensation payments as net amounts with taxes covered or funds established for players. An ESPN analyst and former NFLPA negotiator responds, agreeing on safety concerns and noting the jump to potentially 17 games per season due to the expanded College Football Playoff.

▶ Source: Forbes Breaking News