A bipartisan bill aimed at reshaping college sports is entering a key stage in the U.S. Senate. Multiple outlets report that sponsors are presenting a revised version of the legislation after weeks of feedback from universities, athletic conferences, and athletes. The measure, described by leading lawmakers and sports officials as the best opportunity to stabilize college athletics, is scheduled for consideration by the Senate Commerce Committee. The committee is expected to debate the latest text on Thursday. Depending on the committee’s actions, the bill could then be advanced to the full Senate for further consideration.

The Protect College Sports Act would establish limits and rules intended to govern player compensation and movement. According to the reports, the bill regulates payments to athletes, limits players to one free transfer during their college careers, and includes a restriction on coaches changing jobs during a season. Overall, the Senate process functions as the bill’s major test: lawmakers must determine whether the revised proposal can move forward amid competing perspectives within college sports and among stakeholders.