“So we can go back towards that direction. We have to work within [House] settlement terms, as it relates to revenue-share, name, image, and likeness oversight. We have to do a better job there. But if the 'if' were to be reality, there is no Congressional action, I think we're prepared to engage in the kind of discussion that you've asked about, which is how do we regulate effectively within the context of our 16 universities?”
If Congress doesn't act, said the SEC is ready to discuss regulating itself across its 16 schools while staying within House settlement terms on revenue sharing and NIL.