University presidents and chancellors in the Big Ten and SEC backed a Senate plan to overhaul college athletics, according to a joint statement. The conferences had opposed earlier versions in part because they believed the bill did not adequately address states’ NIL rules. With the updated proposal, lawmakers changed provisions affecting revenue-sharing compensation. The bill’s cap on institutional payments to athletes under revenue-sharing agreements would rise from $21.3 million to $48.8 million, with third-party deal revenue counted toward the cap to close a loophole. The Senate vote is expected before lawmakers adjourn for August if the bill advances this week. The shift would mark a milestone in years of legislative efforts aimed at clarifying antitrust exposure for the NCAA and standardizing athlete compensation rules. The reporting also indicates the White House played a role in aligning the Big Ten and SEC with the legislation.