The main purpose of this legislation is to create a new governing body for college sports called the American Collegiate Sports Association (ACSA). This organization is intended to replace the existing National Collegiate Athletic Association (NCAA) and aims to provide a more equitable and fair structure for college athletics. Key provisions of the legislation include several important rules that member colleges must follow. First, any revenue generated from student athletes' name, image, and likeness will be shared equally among all student athletes at member institutions.