JB is entirely correct. The reg is poorly written IMO, and was not well thought out. Example, someone who had 10,000 121 SIC and got furloughed on 30 Jul 2013 is good to go. Also a brand new upgrade who flew ONE SINGLE hour as PIC on 31 Jul 2013 is good to go. But an experienced 121 PIC with 10,000 hours 121 PIC who got furloughed on 30 Jul 2013 is NOT good to go (unless he has 1000 SIC too). Weird.
If I was going to petition for an amendment or exemption/waiver, it might make sense to base it on experience at foreign passenger carriers which serves the US. That way at least there's a reasonable argument that they have similar (ICAO) standards to the US (operating a red army-surplus turboprop in the Stans may not be exactly the kind of experience the rule intends).
But your time is probably better spent building 121 SIC.