That was far from being too long to read but there are flaws in your logic:
- Congressional interference isn't feasible. Beyond the point that our elected officials should have more important things to spend their time on, they haven't been effective in implimenting anything for longer than most can remember.
- Your contention of what "most fans" would be "interested in" would require fan investment throughout FBS football to be far more balanced than it currently is. The cartel of schools who are (and have been) receiving most of the spots that allow a chance to play for the title exceed home attendance numbers by mid-September that exceeds what more than half of FBS can claim for an entire season. brand names (Southern Cal, Notre Dame, etc.) land larger television audiences in down seasons than most non-P2 schools could ever land.
Your complaint currently is that most of these games are blowouts. I've been following this sport since Jim Plunkett and Archie Manning were playing for Stanford and Ole Miss respectively and in those five and a half decades there have been very few championships that were won with games like Miami-Nebraska in the 1/01/1984 Orange Bowl.
There are going t o be blowouts, it's part of the nature of sports. Hell, in the past two men's NCAA tournaments the eventual champion blew out every team they faced. Should congress have stepped in to make that more fair?