Senate ·
Legislative Session
“I want the Senate to approve my amendment. It requires colleges and athletic leagues to report if they get more than $600 from foreign governments or foreign companies. It does not ban this money, but it lets the public know where the money is coming from.”
“Oh, I will shorten my comments. Mr. President, if a college, conference, or athletic association receives significant funding for college athletics from a foreign government, foreign adversary, state-owned enterprise or sovereign wealth fund, it should disclose that funding, any funding exceeding $600. This amendment does not prohibit foreign investment or financing; it simply provides transparency so that the student-athletes, schools, and the American people know when foreign entities are financing American college athletics. This amendment ensures transparency while allowing college athletics to remain competitive. I certainly ask that this amendment be adopted by voice vote.”
Official Congressional Record
Oh, I will shorten my comments. Mr. President, if a college, conference, or athletic association receives significant funding for college athletics from a foreign government, foreign adversary, state-owned enterprise or sovereign wealth fund, it should disclose that funding, any funding exceeding $600. This amendment does not prohibit foreign investment or financing; it simply provides transparency so that the student-athletes, schools, and the American people know when foreign entities are financing American college athletics. This amendment ensures transparency while allowing college athletics to remain competitive. I certainly ask that this amendment be adopted by voice vote.