I have it on very good authority at least one fleet has taken this thing to the extreme in demanding LCAs order anyone they are checking to remove lanyard. When asked what the LCA was supposed to do if the checkee refused, they were told to notify the checkee's Chief Pilot. They asked Then what? So, they called a chief pilot and he said he would support the LCA doing whatever he felt was appropriate, up to and including cancelling the flight.
Imagine that.
Hopefully, the guys fighting so hard against us won't benefit from the new contract. Oh. Wait.