Will legislation principally aimed at establishing a federal framework for college sports, including through NIL preemption, antitrust treatment of association rules, athlete-compensation standards, student-athlete protections, or employment-status rules become law before Jan 1, 2027?

If legislation principally aimed at establishing a federal framework for college sports, including through NIL preemption, antitrust treatment of association rules, athlete-compensation standards, student-athlete protections, or employment-status rules has become law after Issuance and before Jan 1, 2027, then the market resolves to Yes. Clarification: 'FISA Section 702 reauthorization (2 years)' (KXBILLS-FISA) resolves to Yes only if FISA Section 702 is reauthorized for exactly two years, as in the provided example (Public Law 118-49). A reauthorization for any other duration would not qualify. Clarification: To be clear, legislation that appropriates funds for security adjustments and upgrades relating to the East Wing Modernization Project, a project that includes the construction of a presidential ballroom, constitutes legislation that "authorizes funding for construction of a presidential ballroom," even if the funds are restricted to security elements of that construction.