The main purpose of this legislation is to change the tax rules related to professional women's sports franchises. Specifically, it aims to prevent these franchises from being able to amortize, or gradually deduct, certain costs if they allow biological males to participate in women's sports. The bill is titled the "No Goodwill for Harming Women Act." Key provisions of the legislation include a definition of what constitutes a "specified sports franchise." This term refers to any professional sports team designated for women that permits individuals identified as male at birth to compete.