Name, Image and Likenesslegislation is one of the few things that has some level of bipartisan support in Congress. Currently, the House of Representatives is working the SCORE Act through the proper channels. The SCORE Act, which stands for Student Compensation and Opportunity through Rights and Endorsements, would serve as a federal framework to override state laws regarding NIL.
Now President Trump wants to jump into the fray with an executive order and, as expected, it comes with a set of concerns. CBS News reports that the order would establish national standards for NIL.
Without knowing the exact details of the executive order, there's been a lot of speculation about what the potential ramifications will be.