The bill amends section 468.454 of the Florida Statutes to establish new regulations for agents representing student athletes. It specifically prohibits agents from receiving more than 5 percent of a student athlete's total compensation derived from endorsements, promotional activities, or any use of the athlete's name, image, or likeness. Additionally, the bill mandates that agents representing high school student athletes must be licensed by the Department of Business and Professional Regulation, which will also include these agents in its licensing portal.

Furthermore, the Department is authorized to adopt rules necessary to implement these new requirements. The changes will take effect on July 1, 2025. The bill aims to ensure fair compensation practices for student athletes and to regulate the conduct of agents in this field.