Latest from the pundits:

Obama is expected to sign the bill with no changes.

Bottom Line:
1. After full enactment, days of very low ticket prices will be gone... (as per a bunch of CNN talking heads an hour ago).

2. It will be much more difficult to become a pilot at an airline. (as per CNN)

3. It may allow unions to demand and receive higher pilot wages (as per the talking heads)

Bottom Bottom Line: This doesn't change much for those of us who are already in the industry (unless you are changing airlines and have a bunch of failed checkrides)..... but it will make it more difficult for people "chasing their dream" to get into that "shiny jet".
The other "big" unknown is how the FAA will propose to enact some sort of rules regarding commuting (that could also be a big deal)