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Senate panel advances NIL, UCC amendment, precious‑metals depository, real‑estate and DHS rate‑study bills
Summary
The Senate Insurance & Commerce Committee advanced a package of bills by voice vote, including measures on student‑athlete revenue sharing, a UCC amendment excluding CBDC, a permissive precious‑metals depository framework, dual‑agency notice for real‑estate, and a DHS rate‑study for waiver providers.
The Senate Insurance & Commerce Committee advanced a package of bills in a session that included individual presentations and brief debate. The committee approved each measure by voice vote.
Student‑athlete revenue sharing (House Bill 1917): State Senator Barr Hester presented HB1917 to allow institutions of higher education to share revenue with student‑athletes consistent with a recent national settlement and an anticipated third‑party clearinghouse that will evaluate private sponsorships for fair‑market value. Shane Broadway (ASU system) and Brad Phelps (ASU general counsel) told senators the bill is permissive and intended to let Arkansas institutions remain competitive; sponsor and university representatives said the statute does not require state…
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