The idea is fairly straightforward: add the ability to define a "default configuration" for all new courses. This would mean that, instead of the Canvas default settings, when a new course is create those setting chosen by the institution would be loaded. This would include, but is not limited to:
Everything under "more options"
I can think of 2 ways of implementing this idea:
Make it a one-off that can only be configured at root
Make it like the account-level rubrics and/or themes
When creating a new course, the user would select the configuration to use, if nothing is selected it just uses the Canvas defaults