H.R.1316: To provide institutions of higher education with a right of action against entities that improperly regulate intercollegiate sports activities.

Protection of University Governance Act of 2007 - Prohibits a nongovernmental entity that regulates intercollegiate sports from penalizing, or denying any benefit to, an institution of higher education by reason of the name, symbol, emblem, or mascot of the school's intercollegiate sports team. Makes an entity which violates such prohibition subject to injunction and liable to an aggrieved school for damages and legal fees.