Sec. 4. Covered Athletic Organization Commission

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There is established the Covered Athletic Organization Commission (in this section referred to as the Commission ), whose purpose shall be to— make recommendations to Congress and to each covered athletic organization about the implementation of name, image, and likeness rules; recommend to each covered athletic organization such a process to certify or recognize credentialed athlete agents; make recommendations for the establishment of an independent dispute resolution process, for any dispute arising between a student athlete and a covered athletic organization or institution of higher education; and make recommendations for additional categories of endorsement contracts that are excepted under section 2(b).

The Commission shall consist of 13 members appointed in accordance with subsection

(c)from among or in accordance with the following: Institutions of higher education, including athletic directors and coaches. At least two individuals who are current or former student athletes who advocate for the interest of student athletes. Administrators of covered athletic organizations. Professionals with expertise in sports marketing, contracting, and public relations. Individuals— with expertise in corporate governance; and who are not associated with any covered athletic association or institution of higher education. Not later than 60 days after the date of enactment of this Act, members of the Commission shall be appointed as follows: Three members appointed by the Speaker of the House of Representatives. Three members appointed by the minority leader of the House of Representatives. Three members appointed by the majority leader of the Senate. Three members appointed by the minority leader of the Senate. One member, who shall be the chair of the Commission, selected by the members appointed under subparagraphs

(A)through

(D)not later than 60 days after the appointment of such members, and agreed upon by no fewer than eight of such members. If eight such members are unable to agree on an appointment under this subparagraph within such 60 day period, the Speaker of the House of Representatives shall make the appointment under this subparagraph. To the extent practicable, the Speaker and leaders making appointments under paragraph

(1)shall coordinate their appointments to ensure that the Commission reflect diversity in gender, race, sport with which they are associated, as applicable, and shall prioritize the appointment of members unaffiliated with divisions or conferences of applicable covered athletic organizations. Meetings of the Commission shall be held at the call of the chair appointed under subsection (c)(1)(E). A meeting may only be held where there is a quorum of at least 7 members, including not fewer than two members who are current or former student athletes who advocate for the interest of student athletes. Not later than one, two, and three years, respectively, after the Commission shall be constituted, it shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate annual reports that include the recommendations in paragraphs

(1)through

(4)of subsection (a). The Commission shall also make such reports available to the public. The Commission shall terminate 60 days after submitting the final report required under subsection (e).