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Here is what i got from Chat PCSA update — September 28 The bill is now virtually certain to pass the Senate this evening, but it has not yet passed Congress. - Verified Senate action: On September 24, the Senate adopted the Cruz–Cantwell substitute amendment 77–23, then invoked cloture on the amended bill 74–25. The final Senate vote is scheduled for 5:30 p.m. ET today. Two additional amendments were tabled, so the September 17 substitute remains the operative text. 2nd Session - Immediate implication: The overwhelming cloture vote means final Senate passage is highly probable. The Senate vote is now mostly procedural; the uncertain stage shifts to the House. - House prospects: No verified House agreement or timetable has emerged. The House could pass the Senate bill unchanged, amend it, or take up companion legislation. Any House amendment would require another Senate vote. Thus, enactment is materially closer but still not assured. Substantive implications - The media-rights pool remains voluntary, so enactment would make a national structure legally feasible without creating one. - The conference-size and five-year-independence provisions would substantially restrict ordinary realignment, making a negotiated national pool one of the few practical routes to major restructuring. - The House revenue-sharing cap, $22.5 million retention allowance, conditional non-revenue-sports addition, and genuine third-party NIL exception remain intact. - The bill still does not provide a formula for dividing pooled media revenue. Schools and conferences would have to negotiate guarantees, equal shares and contribution-based payments themselves. Inference: Senate passage would strengthen the bargaining position of pooling advocates because schools could begin negotiating against a credible statutory framework. But no national football structure becomes imminent unless the House accepts the Senate’s pooling and realignment provisions substantially unchanged.