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There is a movement to treat all GA aircraft essentially as "Experimental", while current regs (and possible new ones) would only apply to 121, 135, 141, etc. Essentially if an airplane carries passengers or cargo for money, its subject to the full regulatory authority of the FAA. If not, greatly reduced regulation.
Sounds like a good compromise to me. FAA can focus on a smaller group of aircraft and hopefully do a better job at it.
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