; (B) by inserting after paragraph (3) the following new paragraph: (4) Booster The term booster means any individual or entity that has— (A) provided a donation— (i) to an institution of higher education to obtain season tickets for any sport; or (ii) to support the athletics program at an institution of higher education; (B) participated in or has been a member of an organization promoting in any way the varsity intercollegiate athletics programs of an institution of higher education; or (C) made a financial contribution to the athletic department, athletics foundation, collective, or booster organization affiliated with an institution of higher education. ; (C) by inserting after paragraph (6), as redesignated, the following: (7) Institution of higher education The term institution of higher education means an institution of higher education as defined in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 ). ; and (D) by adding at the end the following: (12) Third party The term third party means— (A) a person, other than an institution of higher education or a student athlete, that— (i) offers, solicits, or enters into a name, image, or likeness contract; or (ii) offers or provides name, image, or likeness compensation; (B) an entity that is affiliated with an institution of higher education, yet operates independently of the institution of higher education, that generates funding to support opportunities for student athletes to enter into name, image, or likeness contracts; or (C) an entity that is, refers to itself as, or is colloquially referred to as, a collective. ; (2) by inserting after section 3 ( 15 U.S.C. 7802 ) the following: 3A. Regulation of boosters and third parties It is unlawful for a booster or a third party to directly or indirectly provide or offer to provide any funds or thing of value as an inducement to a student athlete to enroll in, transfer from, or remain at a specific institution of higher education or group of institutions of higher education.