4 Nov 10 date on the document. FAA will require a SMS. SMS includes ASAP and FOQA. I don't think FedEx Alpa needs to give anything up for this.

Under the proposed rule, scheduled air carriers and a few others operating under Part 121 of federal aviation regulations would be required to implement an SMS within three years. The carriers would have to submit their SMS implementation plans to the FAA within six months of the final rule’s effective date. The plan would be required to show how the airline intends to comply with the rule within the three-year implementation period. An SMS would not take the place of regular FAA oversight, inspection and audits to ensure compliance with existing regulations

Source: Press Release – FAA Proposes Safety Management Systems for Airlines