They can lower the ATP requirements to 100 hours if they want. Does this mean you have to take the job? Nope. When you think about it, being a regional FO is a crappy job even if they gave it to you with no training at all! It's Starbucks wages with much worse working conditions. As a Trans States Alumni I speak from experience.
The best lobbying effort available to the industry is Families of Continental Flight 3407.
http://www.3407memorial.com