Delaware House Bill 180 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Enrolled on June 30 2019 - 75% progression, died in chamber
Action: 2019-06-30 - Passed By Senate. Votes: 12 YES 6 NO 3 NOT VOTING
Text: Latest bill text (Engrossed) [HTML]

This Act creates the Professional Athlete Funding Act which authorizes and establishes regulations pertaining to player brand agreements. A player brand agreement is an agreement between a professional athlete and an investor whereby in exchange for payment to the professional athlete, the athlete commits to pay a specified percentage of the athlete's future income or earnings. The purpose of this Act is to protect the professional athlete from unscrupulous investors by codifying best practices. Such practices include setting forth requirements that must be satisfied in order that a player brand agreement is valid, binding and enforceable including: (1) the agreement being written in the athlete's native language; (2) specifying the percentage of income or earning the athlete will have to pay; (3) identifying the income or earnings used to calculate the obligation; (3) not requiring the athlete to pay more than 30% of his or her future income; (4) requiring that the shared percentage lasts no more than 30 years; and (5) identifying specific criteria for the signing and executing of the agreement. This Act also authorizes the Division of Consumer Protection of the Department of Justice to enforce such agreements and to investigate and prosecute violations.

An Act To Amend Title 6 Of The Delaware Code Relating To Professional Athletes.

Rep. Valerie Longhurst [D]	Sen. Nicole Poore [D]	Rep. Gerald Brady [D]	Rep. Ruth Briggs King [R]
Rep. Franklin Cooke [D]	Rep. Edward Osienski [D]	Rep. Michael Smith [R]

2019-06-30 - Senate - Senate Third Reading (Y: 12 N: 6 NV: 3 Abs: 0) [PASS]
2019-06-25 - House - House Third Reading (Y: 29 N: 12 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-06-30		Passed By Senate. Votes: 12 YES 6 NO 3 NOT VOTING
2019-06-30		Suspension of Rules in Senate
2019-06-30		Lifted From Table in Senate
2019-06-30		Laid On Table in Senate
2019-06-30		Suspension of Rules in Senate
2019-06-25		Passed By House. Votes: 29 YES 12 NO
2019-06-25		Amendment HA 1 to HB 180 - Passed In House by Voice Vote
2019-06-19		Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 8 On Its Merits
2019-06-06		Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=47605
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=47605&legislationTypeId=1&docTypeId=2&legislationName=HB180
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocumentEngrossment?engrossmentId=23736&docTypeId=6
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#41063
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#41291