President Trump: We're gathered today to discuss an important threat to the integrity and culture of college sports, the inability to set rules on eligibility transfers, name image and likeness, and more. Much more than that…crazy things are happening. Young people are being signed; seventeen-year old quarterbacks, for twelve million dollars, thirteen million, fourteen million. We have a seven-year freshman. We're seeing things that we've never seen before. We have college players that don't want to go to the NFL because they are making more money in college. A lot of really bad things are happening. Basic questions, like who's eligible to play, are now virtually unregulated, and decided randomly by judges rather than by reasonable, agreed upon rules that could be very simple and very simply drawn.

President Trump: If congress does not take action fast, it could destroy college sports, and destroy the colleges that play these sports. They'll be destroyed. They'll be going bankrupt.