This "more regulation" will not going to fly with the current administration. They will either need to "remove two regulations" to make face, or not do it at all.
That being said, we were able to vote with our dollars until very recently when there was real competition in the airline industry. Now there are only a few major airlines, and everything seems to be going downwards, at the passengers' expense. Wouldn't it be better to break them up again for better competition? This way we don't need to wait for the house to pass laws to get better service.