There is a hearing this morning in the U.S. Senate about college athletes in regard to name, image and likeness.

Steve Berkowitz of USATODAY reported that the hearing is called “Compensating College Athletes: Examining the Potential Impact on Athletes and Institutions” in the Senate committee on Health, Education, Labor and Pensions.

Lamar Alexander, R-Tennessee said the purpose of today’s committee hearing is to look at whether “the tradition of the intercollegiate student-athlete is worth preserving” and if so, how to do it. In summarizing Alexander’s proposal, he proposed that name, image and likeness revenue is pooled at each institution. But if athletes want to keep it for themselves, they can go pro out of high school.

Here are some excerpts from Alexander’s opening statement:

Sen. Patty Murray, D-Washington, added during her remarks that “exploitation” of college athletes has “racial and economic justice implications.”

“We need to make sure that college athletes are fairly compensated for playing,” Murray said.

In her testimony during the committee, Wisconsin chancellor Rebecca Blank said, “We’re not running college sports primarily to make money.”