Narrow 2027 Revival

If the 2026 vehicle fails, lawmakers are likely to return to the issue because the House settlement and state NIL conflicts remain unresolved. A narrower bill focused on NIL disclosure, agent rules, and state-law preemption has a better path than sweeping antitrust or employment immunity.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.