Although there are plenty of pilots with over 1500TT, I think you will see a sharp decline in the number of people approaching 1500TT and getting their Commercial/ATP. If you're looking at the flight universities of the world and thinking of enrolling, you'll now realize that it'll be approx 4 years and 6 digits of debt, followed by several years of flight instructing to get to a job that pays 20k a year first year, if you're fortunate. Arguably for the same amount of time and money, you could be a doctor. I'd like to imagine things will change and there will be a pilot shortage and our payscales will go up to reflect that. What I believe is more likely though is that this bill will greatly reduce the number of people who want to go to school and become aviators.