According to this Dennis Dodd article from April, it's supposed to pass by the end of the year. "The legislation is now expected to move forward after being delayed somewhat by NCAA governance reform."
Note this paragraph:
"The move would directly impact the Big 12 and ACC, which developed the legislation. The Big 12, which is the only Power Five league without a championship game, is merely seeking the option of staging such a contest with 10 teams.
The ACC’s ultimate intentions with a 14-team league in football, one which already holds a championship game, are not clear."
Could it be so that the ACC can add a 15th team (UConn) to get their network out of ESPN? We really have to hope that this is a possibility because there aren't many other options out there.
http://mweb.cbssports.com/ncaaf/wri...nship-game-restrictions-to-be-relaxed-by-2016