Well, I haven't heard that, but it would be a welcome change. I never understood the double standard based on the size of airplane you flew. We should all be equal under part 121. That said, if such a rule passes, then those former 1200 hr guys need to get their pay rate changed to reflect the loss of 200 credit hours a year. For an average Beech captain, that would be nearly $7000 of lost income. The one positive might be that a few more jobs are created in the short term.
Of course, the 1200 hour rule had no bearing on the Colgan accident. Way to miss the point again, Mr. FAA.