You have a president literally wrapping himself up in the flag and announcing that he is going to set the bar on free speech. When will any of this concern you ?
The goal is to get universities to protect the free speech of conservatives, not hamper the free speech of liberals or even the schools.
Conservative speakers have been heckled mercilessly and hounded right off the campus to where they can't even give the speech they were invited to give. On one or two occasions the schools themselves cancelled conservative speaker appearances because of concerns about safety.
Trump is not the bad guy here and this measure is specifically due to the harassment conservative students and speakers receive on campuses.