that payable to a person occupying a position at level V 
of the Executive Schedule under section 5316 of such title. 
(i) COMPENSATION AND TRAVEL EXPENSES.—Each 
member of the Commission may be compensated at not 
to exceed the daily equivalent of the annual rate of basic 
pay in effect for a position at level IV of the Executive 
Schedule under section 5315 of title 5, United States 
Code, for each day during which that member is engaged 
in the actual performance of the duties of the Commission. 
While away from their homes or regular places of business 
in the performance of services for the Commission, mem-
bers of the Commission shall be allowed travel expenses, 
including per diem in lieu of subsistence, in the same man-
ner as persons employed intermittently in the Government 
service are allowed expenses under section 5703(b) of title 
5, United States Code. 
(j) TERMINATION OF THE COMMISSION.—The Com-
mission shall terminate 90 days after the date on which 
the Commission submits the report under subsection 
(f)(2). The Commission may use the 90-day period for the 
purposes of concluding its activities. 
(k) FUNDING.—There is authorized to be appro-
priated such sums as may be necessary to carry out this 
section, of which— 
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(1) 50 percent shall be derived from the appli-
cable accounts of the House of Representatives; and 
(2) 50 percent shall be derived from the contin-
gent fund of the Senate. 
SEC. 6. AMENDING THE SPORTS BROADCASTING ACT. 
Section 1 of the Sports Broadcasting Act of 1961 (15 
U.S.C. 1291) is amended by adding at the end the fol-
lowing: 
‘‘In addition, such laws shall not apply to a joint agree-
ment by or among institutions engaged in or conducting 
intercollegiate athletics, by which any intercollegiate ath-
letic association sells or otherwise transfers all or any part 
of the rights of such intercollegiate athletic association’s 
member institutions in the sponsored telecasting of the 
intercollegiate athletic competitions engaged in or con-
ducted by such institutions. In this section, the term 
‘intercollegiate athletic association’ means an association 
that includes, as of the date on which such joint agreement 
is entered into, more than 136 member institutions.’’. 
SEC. 7. EXPANDING ATHLETICS DISCLOSURE REQUIRE-
MENTS. 
(a) INSTITUTIONS OF HIGHER EDUCATION.—Section 
485(g) of the Higher Education Act of 1965 (20 U.S.C. 
1092(g)) is amended— 
(1) in paragraph (1)— 
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(A) in the matter preceding subparagraph 
(A)— 
(i) by inserting ‘‘collegiate (including 
intramural and club-level) or’’ before 
‘‘intercollegiate athletic program’’; and 
(ii) by inserting ‘‘collegiate and’’ be-
fore ‘‘intercollegiate athletics’’; 
(B) in subparagraph (C)— 
(i) by striking ‘‘The total amount’’ 
and inserting the following: 
‘‘(i) The total amount’’; and 
(ii) by adding at the end the fol-
lowing: 
‘‘(ii) For each men’s and women’s 
varsity team that competed in intercolle-
giate athletic competition— 
‘‘(I) the total amount of money 
spent on athletically related student 
aid; and 
‘‘(II) with respect to athletically 
related student aid awarded the form 
of a scholarship— 
‘‘(aa) the total number of 
such 
scholarships 
awarded, 
disaggregated— 
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‘‘(AA) 
by 
the 
total 
number awarded for a pe-
riod of not more than 1 aca-
demic year; and 
‘‘(BB) 
by 
the 
total 
number awarded for a pe-
riod of not less than 4 aca-
demic years; 
‘‘(bb) the average amount of 
such scholarships; 
‘‘(cc) the total number of 
such scholarships that fund the 
cost of tuition at the institution 
for the athlete awarded such 
scholarship; and 
‘‘(dd) the total number of 
such scholarships that fund the 
cost of attendance for the athlete 
awarded such a scholarship; 
‘‘(III) the total amount of reve-
nues shared directly with athletes on 
the team.’’; 
(C) in subparagraph (E), by inserting 
‘‘and disaggregated by each men’s sport and 
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each women’s sport’’ before the period at the 
end; 
(D) in subparagraph (G), by inserting 
‘‘(which, for purposes of this subparagraph, in-
cludes compensation, bonuses, benefits, and 
buyouts paid to coaches and reportable by the 
institution of higher education)’’ before ‘‘of the 
head coaches of men’s teams’’; 
(E) in subparagraph (H), by inserting 
‘‘(which, for purposes of this subparagraph, in-
cludes compensation, bonuses, benefits, and 
buyouts paid to coaches and reportable by the 
institution of higher education)’’ before ‘‘of the 
assistant coaches of men’s teams’’; 
(F) in subparagraph (I)— 
(i) by striking clause (i) and inserting 
the following: 
‘‘(i) The revenues derived by the institu-
tion from the institution’s collegiate and inter-
collegiate athletics activities, in the aggregate 
and disaggregated by each men’s sport and 
each women’s sport, including— 
‘‘(I) total revenues; and 
‘‘(II) each category of revenues de-
scribed in clause (ii).’’; and 
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(ii) in clause (ii)— 
(I) by inserting ‘‘collegiate’’ and 
before ‘‘intercollegiate’’; and 
(II) by striking ‘‘, and adver-
tising, but revenues’’ and all that fol-
lows through the period at the end 
and inserting ‘‘, advertising, and, to 
the extent practicable, student activi-
ties fees and alumni contributions.’’; 
(G) in subparagraph (J)— 
(i) by striking clause (i) and inserting 
the following: 
‘‘(i) The expenses made by the institution 
for the institution’s collegiate and intercolle-
giate athletics activities, in the aggregate and 
disaggregated by each men’s sport and each 
women’s sport, including— 
‘‘(I) total expenses; and 
‘‘(II) each category of expenses as de-
scribed in clause (ii).’’; and 
(ii) in clause (ii), by inserting ‘‘colle-
giate’’ and before ‘‘intercollegiate’’; and 
(H) by adding at the end the following: 
‘‘(K) The numbers of participants who 
participate in 1, 2, or 3 varsity teams, respec-
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purposes of subparagraphs (G) and (H) of para-
graph (1)’’; and 
(3) by amending paragraph (4) to read as fol-
lows: 
‘‘(4) 
SUBMISSION; 
REPORT; 
INFORMATION 
AVAILABILITY.— 
‘‘(A) INSTITUTIONAL
REQUIREMENTS.— 
Each institution of higher education described 
in paragraph (1) shall— 
‘‘(i) by October 15 of each year, pro-
vide the information contained in the re-
port required under such paragraph for 
such year to the Secretary; and 
‘‘(ii) by not later than February 15 of 
each year, publish such information on a 
public internet website of the institution in 
a machine-readable and searchable format. 
‘‘(B) PUBLIC AVAILABILITY.—By not later 
than February 15 of each year, the Secretary 
shall make the reports and information de-
scribed in subparagraph (A) for the imme-
diately preceding academic year available to the 
public, which shall include posting the reports 
and information on a public internet website of 
the Department in a searchable format.’’. 
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(b) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on July 1, 2026, and shall 
apply with respect academic year 2026–2027, and each 
succeeding academic year 
Æ 
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