The Senate's 77-22 passage of the Protect College Sports Act in late September established national NIL standards, revenue-sharing caps near $48 million annually, one-time transfer eligibility without sit-out penalties, agent fee limits at 5%, and limited antitrust protections for the NCAA and Power conferences. However, the bill now sits in a divided House unlikely to convene until after the November midterms, with limited time in any lame-duck session before the 119th Congress ends. Potential shifts in House control and competing priorities reduce the odds of enactment by December 31, 2026. Trader consensus at 74.8% for "No" reflects these procedural and calendar barriers, even as the legislation enjoys broad conference support and aims to stabilize the transfer portal, roster management, and competitive balance across Division I programs.