The New York Times
reported last night that the White House is planning to introduce a legislative package that would mostly end the NSA's bulk collection of phone records. Instead, phone companies would be required to hand over records up to "two hops" from a target number. Phone companies would be required to retain records for 18 months
(already legally mandated) instead of the NSA storing records for five years. It does not appear that secret courts and secret orders from the court would be abolished, however. From the article: "The new type of surveillance court orders envisioned by the administration would require phone companies to swiftly provide records in a technologically compatible data format, including making available, on a continuing basis, data about any new calls placed or received after the order is received, the officials said ... The administration’s proposal would also include a provision clarifying whether Section 215 of the Patriot Act, due to expire next year unless Congress reauthorizes it, may in the future be legitimately interpreted as allowing bulk data collection of telephone data. ... The proposal would not, however, affect other forms of bulk collection under the same provision."