Now that the FAA regs are all but written in stone, many have argued that CBO's can provide their own regulations to circumvent the FAA regulations. What is uncertain is if there is any provision in the proposed regulations for CBOs at all.
The AMA has even pushed an ammendment to exempt only "nationwide" CBOs from FAA regulation through the Senate (but not the House).
There are three possibilities in this morass:
1. The provision for national CBOs in s.223 and other bills passes into law.
2. The FAA regulations provide for CBOs under OMB.119
3. No bill w/ammendment gets passed and there are no CBO provisions in the FAA regs.
To dispell much of what has been said about CBO's, I recommend reading the law governing CBO's as standards bodies.
That law is available here it is OMB.119 and defines what a Standards Body is as well as what they can and can't do.
" A voluntary consensus standards body is defined by the following attributes:
(ii) Balance of interest.
(iii) Due process.
(vi) An appeals process. "
I do not know of a single sUAV or Model Aircraft organization that meets a single one of those criteria.
As much as I hate to say it, I see no honest and legal way to get around the FAA in the recreational sector.