The FAA’s Significant Rulemaking Report for January 2014, includes an entry entitled, “Operation and Certification of Small Unmanned Aircraft Systems (sUAS).” (FAA link: January 2014 Report)

The report includes a revised date for Notice of Proposed Rulemaking for small UAS. What had been scheduled to begin in March 2011 is now scheduled to begin in November 2014. This will of course further delay the adoption of regulations that apply to remote-controlled model aircraft, also called “small UAS” and more commonly referred to as “drones.”

No drone regulations currently exist. Operators of such craft remain free, (at this writing), to legally operate them unregulated under federal law, whether for pleasure or profit.

Source: DOT.gov