The "grandfathering" has already been done. The Law was signed 1 Aug 2010, and Congress said the ATP requirement did not have to be met until 1 Aug 2013. That gave the airlines 3 years to get organized. I have not heard of any airline, especially the regional -121 carriers, who will be the most affected, doing anything at all to fix their looming hiring problems.
That is correct. The requirement is for an ATP to be a -121 pilot. Currently, one of the ATP requirements is 1500 hours.
There is no "hope", and there is no "in the bill". The LAW requiring an ATP to be a -121 pilot was signed by Obama on 1 Aug 2010. It is a done deal.
As mentioned above the airlines had 3 years to fix their upcoming hiring problems.
That is a VERY good question, and one that the airlines, and especially the regioinals, are currently ignoring, as far as I can see.
It is an ATP requirement, not 1500 hours. There is no "stays in the bill". The ATP requirement is a LAW, and it was put into place 1 Aug, 2010.
Based on the LAW, the requirements for the ATP WILL change. While they may lower the hour requirement, there will be additional requirements added on to the current requirements, as per Congress' LAW. It is 99% certain that getting an ATP after 1 Aug 2013, will be much more difficult than getting a Commercial License today.
cliff
SYD