SB 1063 - Under this act, a postsecondary educational institution shall be prohibited from upholding any rule, requirement, standard, or other limitation that prevents a student enrolled in the institution from fully participating in intercollegiate athletics without penalty and earning compensation as a result of the use of such student's name, image, likeness rights, or athletic reputation. Student athletes shall not be prohibited from obtaining professional representation in relation to any contracts or legal matters. Such professional representation shall be either athlete agents licensed in Missouri, or attorneys licensed to practice law in the state of Missouri. A scholarship awarded to a student athlete by a postsecondary educational institution shall not be considered compensation, and no scholarship shall be revoked as a result of such student earning compensation or obtaining legal representation. However, a student athlete who enters into such a contract shall disclose such contract to an official designated by the institution. Student athletes shall not enter into contracts providing compensation for the use of the athlete's name, image, or likeness if a provision of the contract conflicts with a provision in the athlete's team contract. If an institution asserts a conflict, the institution shall disclose the relevant contractual provisions in conflict to the athlete or to the athlete's legal representation. For contracts entered into, modified, or renewed after enactment of this act, an institution's team contract shall not prevent a student athlete from using the athlete's name, image, or likeness for commercial purposes when the athlete is not engaged in official team activities. Postsecondary educational institutions that enter into commercial agreements directly or indirectly requiring the use of an athlete's name, image, and likeness, shall conduct a financial development program of up to 15 hours in duration once per year. Such program shall not include any marketing, advertising, referral, or solicitation by providers of financial products or services. Students shall have the right, under this act, to pursue a private cause of action against third parties who violate the provisions of this act. The provisions of this act shall only apply to contracts entered into, modified, or renewed on or after July 1, 2021. This act shall become effective on July 1, 2021. This act is identical to HCS/HB 1564 (2020), and is similar to HB 1792 (2020) and HB 1748 (2020). JOSIE BUTLER