Topic · 4 reports

College sports

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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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Rep. Smucker Questions Expert on Nonprofit Status of College Athletic Programs

Jul 7, 2026

The segment is a clip from a House Ways and Means Committee hearing on federal tax policy in sports. Rep. Lloyd Smucker (R-PA) questions witness Dr. Coates on whether large university athletic programs and conferences like the Big Ten and SEC should retain nonprofit status, given their commercial growth and resemblance to for-profit entities. Other witnesses note some power-conference schools exploring separate business entities and operating deficits.

▶ Source: Forbes Breaking News

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Rep. Miller questions sovereign wealth fund role in college sports and NIL

Jul 7, 2026

The clip shows Rep. Carol Miller (R-WV) during a House hearing on NIL and college athletics. She recounts family sports history, notes growth in NIL and university athletic companies, then warns that Gulf sovereign wealth funds are investing heavily in global sports and may target college programs next. Miller asks whether such funds could earn effectively tax-free returns on US college sports investments and receive better treatment than domestic investors. Witnesses Mr. Madden and Dr. Coates respond that they lack specific knowledge of such inflows into college athletics and that foreign owners would generally face the same tax rules as others for ownership stakes.

▶ 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