LIGHT SPORT AIRCRAFT/PILOT RULE RELEASED BY FAA:
The long-awaited release of the light sport aircraft and pilot rule has finally happened!
On 20th July 2004, the FAA announced the release of the rule:

All of the changes to the Notice of Proposed Rulemaking we asked for have been granted:

-Increases max. T.O. weight from 1232 lbs to 1320 lbs.
-Increases max continuous power level flight speed from 115 to 120Kts.
-Includes gyroplanes (NPRM excluded gyroplanes).
-Utilizes valid State drivers license in lieu of FAA medical.
-Provides increased weight allowance for water-borne aircraft.
-Retains maximum stall speed of 45 kts "clean" (without lift enhancing devices)