The bill was launched on Tuesday and must go through parliamentary process before it is made law.
The government announced plans to appoint a regulator in February last year, following a fan-led review in 2021.
Legislation would grant powers to a body, independent of government and football authorities, to oversee clubs in England's top five men's tiers.
The regulator would have powers revolving around three core objectives: improving financial sustainability of clubs, ensuring financial resilience across the leagues and safeguarding English football's heritage.
The bill includes backstop powers around financial distribution between the Premier League and the EFL, so that if the parties continue to fail to agree on a 'new deal', the regulator can ensure a settlement is reached.
The Premier League had been expected to come up with proposals to put to the EFL almost two weeks ago-anticipated to be around £900m over six years-but nothing was forthcoming, adding to EFL frustration.
Denne historien er fra March 24, 2024-utgaven av The Football League Paper.
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Denne historien er fra March 24, 2024-utgaven av The Football League Paper.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
CLASSY CURTIS GETS HIS REWARD
DERBY County have tied influential centre-back Curtis Nelson down to a new contract that will keep him at Pride Park until 2026.
STATS ALL RIGHT FOR STUDIOUS MK BOSS SCOTT
MK Dons boss Scott Lindsey has highlighted the importance of statistics following his side's recent good form.
SMITH'S FRATTON STUNNER IS TOPS!
MICHAEL Smith's stunning strike for Sheffield Wednesday against Portsmouth has won him the Sky Bet Championship Goal of the Month award for October - but he admitted it could have gone 'over the stand'!
RED DRAGONS SUFER TRIPLE INJURY SETBACK
WREXHAM'S pursuit of a historic promotion from League One has been hit by a triple injury blow.
SMART GUY LAUNCHES AI PLAN TO AID CLUBS
FORMER Rotherham, Hull and Sheffield Wednesday defender Guy Branston has launched a new AI venture that he says will revolutionise the way clubs engage with their fans.
STRIKER BISHOP JUST SO GLAD TO BE BACK
COLBY Bishop has expressed his delight at making an emotional goalscoring return for Portsmouth following open heart surgery this summer.
HUNGRY JAMIE'S IN GOAL GROOVE
Prize winner is followed by Cup heroics
TASTY TERRIERS TAKE A BITE OUT OF UNITED'S YOUNG GUNS
HUDDERSFIELD Town booked their place in the last 32 of the Bristol Street Motors Trophy in style with a thumping 4-1 home win against Manchester United U21s.
KENNY RECEIVES PRAISE OF BOSS BONNER
GILLINGHAM manager Mark Bonner says he will miss leaning on the experience of \"brilliant\" mentor Kenny Jackett.
WEAVER HAPPY TO GIVE ACE ENO HIS SHOT
HARROGATE Town boss Simon Weaver is hoping new striker Eno Nto can solve the Sulphurites' woes in front of goal.
