The College Athlete Economic Freedom Act aims to establish comprehensive federal rights for college athletes to monetize their name, image, and likeness (NIL) . It defines key terms such as "college athlete," "compensation," and "collective representative," setting the framework for how these rights will be exercised and protected. The bill's core purpose is to ensure that college athletes can market their NIL, individually or as a group, without undue restrictions from institutions of higher education or intercollegiate athletic associations. A central provision prohibits institutions from enacting rules that prevent athletes from marketing their NIL or coordinating with third parties to limit compensation, unless through collective bargaining. It explicitly grants college athletes the right to form or recognize collective representatives to negotiate NIL contracts and group licensing agreements. Furthermore, institutions or athletic associations cannot use a group of athletes' NIL for promotions, including media rights, without obtaining a license from the group and disclosing revenue details. The bill mandates equitable institutional support for NIL activities, ensuring it is available to all college athletes regardless of gender, race, or sport. Institutional NIL collectives are required to register with the Federal Trade Commission (FTC) and report disaggregated data on NIL agreements and compensation to prevent discrimination. Athletes are also guaranteed the right to retain professional representation, such as athlete agents or financial advisors, without jeopardizing their eligibility or participation in intercollegiate athletics. For international college athletes , the Act amends immigration law to allow them to engage in NIL activities without violating their nonimmigrant status or requiring additional employment authorization. It also clarifies that if college athletes are deemed employees, international athletes can be paid for their participation. Violations of the Act are treated as unfair or deceptive practices under the Federal Trade Commission Act, granting the FTC enforcement powers and establishing a private right of action for aggrieved individuals. Finally, the legislation preempts state laws that conflict with its provisions regarding college athletes' NIL rights, though states can still regulate athlete agents. It also authorizes grants for market analysis of NIL monetization, requiring public reporting of compensation data disaggregated by gender, race, and sport, and recommendations to address any disparities.