Under the new rules, players will be granted five years of eligibility to be completed within five years of high school graduation or an athlete's 19th birthday, whichever comes first.
The bill is expected to carry the prize college sports leaders have chased for the better part of a decade: a limited antitrust exemption regarding player eligibility and transfer rules.
The House v. NCAA settlement marked a turning point in college athletics, opening the door to revenue sharing and sweeping reforms. But with legal challenges looming, congressional involvement growing and major media deals expiring in the next decade, the future of athlete empowerment remains far from settled.