No Elite Athletes Using X-pro status to ensure Prioritizing Recruitment Of Student-athletes (NEAUX PROS) Act

(a) Rescission. An individual who has entered into a professional sports contract for a covered sport is not a professional athlete for purposes of this Act with respect to that covered sport if, before receiving any compensation under the contract and before rendering any athletic services under the contract, the individual—

(1) rescinds the contract in writing; and

(2) provides written notice of the rescission to the covered institution at which the individual seeks to compete and to the professional sports team, league, club, or organization that was a party to the contract.

(b) Transition for current competitors. The amendment made by section 4(a) shall not apply with respect to an individual who, as of the date of enactment of this Act, is both a party to a professional sports contract for a covered sport and is competing in intercollegiate athletics competition in that covered sport, until the first day of the first academic year of the relevant covered institution that begins after the date of enactment of this Act.