; table of contents. Sec. 2. Ability of student athletes to enter agency and endorsement contracts. Sec. 3. Covered Athletic Organization Commission. Sec. 4. Institutions of higher education and student athletes who enter into endorsement contracts. Sec. 5. Prohibiting unfair or deceptive acts or practices against student athletes. Sec. 6. Registration of certain agents. Sec. 7. State preemption. Sec. 8. Rules of construction. Sec. 9. Sense of Congress. Sec. 10. Definitions. 2. Ability of student athletes to enter agency and endorsement contracts (a) In general A covered athletic organization or institution of higher education may not prohibit a student athlete from participating in intercollegiate athletics as a result of such student athlete entering into an agency contract or an endorsement contract, or otherwise receiving consideration for the name, image, or likeness of such student athlete. (b) Limitation on athletic departments An agreement under which consideration is provided to a student athlete for use of the name, image, or likeness of the student athlete, including such an agreement between an institution of higher education and a student athlete, may not be negotiated, drafted, or funded by the athletic department of the institution of higher education of the student athlete or an institutional employee who reports to such athletic department. (c) Insignia prohibitions A student athlete may be prohibited, by the institution of higher education of the student athlete, from wearing an item of clothing or gear with the insignia of an entity during an athletic competition or athletic-related event that is sponsored by the institution. (d) Enforcement by Federal Trade Commission (1) Unfair or deceptive acts or practices A violation of subsection (a) shall be treated as a violation of a regulation under section 18(a)(1)(B) of the Federal Trade Commission Act ( 15 U.S.C. 57a(a)(1)(B) ) regarding unfair or deceptive acts or practices. (2) Powers of Commission The Federal Trade Commission shall enforce