Section 2129 - Special Rule for Model Aircraft in Part II - Unmanned Aircraft.
Starts on page 85 (page numbers at top of each page).
these are 2 parts that concern me greatly. They are part of what defines a model operation for the sake of being exempt from FAA regulation (like Section 336 before it):
‘‘(6) the aircraft is flown from the surface to not more than 400 feet in altitude; and
‘(7) the operator has passed an aeronautical knowledge and safety test administered by the Federal Aviation Administration online for the operation of unmanned aircraft systems subject to the requirements of section 44809 and maintains proof of test passage to be made available to the Administrator or law enforcement upon request.
So it would end RC soaring, IMAC, pattern and jets. If you do not do any of those then I guess it is no big deal to you as long as you are OK with having to pass an FAA test in order to fly your models.