To change the FAR's which would be required for the deal to go through wouldn't it have to go through both houses in the US?
There is no need to change 14 CFR, it is already ready for a FCL BASA
§ 61.71 Graduates of an approved training program other than under this part: Special rules.
...
(c) A person who holds a foreign pilot license and is applying for an equivalent U.S. pilot certificate on the basis of a Bilateral Aviation Safety Agreement and associated Implementation Procedures for Licensing is considered to have met the applicable aeronautical experience, aeronautical knowledge, and areas of operation requirements of this part.
Regards,
Frac