How can I get a Color3 value from a BrickColor value?

I am trying to color a TextLable's text with the players team color, is there any way to do this? This is my current script, however it just colors it black:

script.Parent.Text = game.Players.LocalPlayer.Name

while wait() do
	script.Parent.TextColor3 = Color3.new(game.Players.LocalPlayer.TeamColor)
end

This is a local script!