The thread title is a little misleading, since only Congress can pass laws.
As far as I understand, this is only a court settlement in a lawsuit.
Notice that current athletes did not have any say in this settlement.
What this means is there will be further lawsuits.
I also don't expect anything meaningful from Congress.
I think the only way this will eventually settle, is that athletes unionize and collectively bargain with whatever entity is left standing that governs collegiate sports.
It doesn't seem that the NCAA is competent to represent anything.
Here are some interesting analyses that seems to imply there are forces out there still trying to shake things some more: