It won't change much just yet, the 3 year grace period will be a factor.
I think that the bill is a good idea but various institutions will be lobbying against certain details before it's finalized.
The regionals will complain that they can't find enough pilots then the minimums might be lowered again.
Certain fancy aviation universities are trying to get their students through with lower mins which will screw things up a bit.
Who knows? All speculation on my part, time will tell.