Trump warns college sports could be 'lost forever' as committee pushes changes, Congress urged to act

The White House said the current model is "driving universities into debt," threatening women's and Olympic sports and undermining student-athletes' educational opportunities.

"Further delay is not an option given what is at stake," the order states, citing roughly 500,000 annual educational, athletic and leadership opportunities and nearly $4 billion in scholarships.

Trump has also raised alarms about the direction of college sports, saying during a White House roundtable last month that "crazy things are happening" as players stay in school longer and earn more through NIL deals, according to previous Fox News Digital reporting.

The draft also calls for rules targeting "salary-cap circumvention," an apparent reference to schools using third-party NIL deals to get around current limits on direct payments to athletes.

The order defines those activities to include fraudulent NIL schemes, use of federal funds for NIL or revenue-sharing payments and interference with contracts between student-athletes and other schools.

The White House also urged college athletics governing bodies to clarify rules before Aug. 1, including limits on eligibility, transfer rules, medical care for athletes and protections for women's and Olympic sports.

Congress has been stalled for more than a year on legislation codifying parts of the House settlement that put revenue-sharing into place, according to AP.

The draft committee document calls for lawmakers to act before Congress leaves for its traditional August recess.

The White House did not immediately respond to Fox News Digital's request for comment.

Fox News Digital's Ryan Morik contributed to this reporting.

The Associated Press contributed to this reporting.