America’s a plutocracy, so there’s like a 90% chance nothing will come of it.
What the scientific community needs to do is make publishers irrelevant by creating a series of FOSS projects similar to the fediverse — architected, coded, owned, and operated by the scientific community — with the explicit goal of making a universal scientific journal where peer review is open, transparent, and at cost.
There is absolutely no reason whatsoever for a handful of publishers to gate-keep peer-review in 2024. All of the problems are technically solved, and inexpensive. The only thing that’s necessary is the will.