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Bill requiring financial literacy workshops for NIL athletes heads to second committee vote

2 months ago
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Bill requiring financial literacy workshops for NIL athletes heads to second committee vote

You can read the first version of HB 1305 below.“Someone said, ‘Well, a lot of our athletes are getting NIL money, this would be a really good thing for them,’ and a light bulb went off,” Lowe explained.Another hearing for the bill will take place within the Education Oversight Committee with Lowe hoping for sometime […]

You can read the first version of HB 1305 below.“Someone said, ‘Well, a lot of our athletes are getting NIL money, this would be a really good thing for them,’ and a light bulb went off,” Lowe explained.Another hearing for the bill will take place within the Education Oversight Committee with Lowe hoping for sometime next week.“It’s kind of fun to think that maybe we would be on the forefront here in Oklahoma, maybe the NCAA would actually pick this up and have all states do this,” he shared.You watch the full interview with Lowe here.However, under the bill’s proposed amendments, colleges would be required to offer three workshops a year with two being a minimum of five hours. Not only that, but it would make it a requirement for students to enter into contracts, a brief concern brought up during committee discussion.Lowe says the idea came about during the summer when they were discussing a previous bill passed requiring financial literacy for high school students.Current law states institutions may require student-athletes to complete coursework and training.Copyright 2025 KSWO. All rights reserved.House Bill 1305, authored by Representative Dick Lowe (R) of District 56 passed through the House Postsecondary Education Committee with a vote of seven to one on Tuesday, moving it one step closer to House discussion.“I’m pretty sure not five hours of a workshop is going to make the decision whether you’re going to be an athlete here in Oklahoma or some other state, so I really don’t think that was a big deal,” Lowe said.If the bill makes it out of the House, it will make its way to its Senate author, former University of Tulsa head football coach and representative for District 39, David Rader (R). The bill would also allow schools to provide services such as contract review or tax preparation as way to help students make necessary preparations.Lowe said while the idea has been discussed in other states, nothing has ever been done. He’s hoping Oklahoma can lead the way.OKLAHOMA CITY, Okla. (KSWO) – A bill requiring colleges to provide financial literacy workshops for athletes with Name, Image and Likeness (NIL) deals is heading to a second committee for discussion.

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