President Donald Trump signed an executive order Friday that is intended to "save college sports" by limiting transfer movement, capping player eligibility, and enacting funding requirements for the Olympics and women's sports.

The order comes after the president hosted a roundtable last month, where officials discussed issues facing the industry and emphasized the need for federal legislation to fix the problems caused by Name, Image and Likeness.

The order instructs federal agencies to "bolster the effectiveness of key college-sports rules on transferring, eligibility, and pay-for-play by evaluating whether violations of such rules render a university unfit for Federal grants and contracts."

The president also directed Congress to "expeditiously pass legislation that satisfactorily addresses these issues," but advised that "further delay is not an option given what is at stake."

"This executive action will preserve college sports for future generations," Trump added.

The president also issued an executive order last year that intended to help college sports by protecting student-athletes and collegiate athletic scholarships and opportunities.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.