Elimination of bond?

[Bulletproof]

Hi I was wondering if I am reading this right. This is from the TTB website. Is anyone familiar with this? Have they gotten rid of the $500k bond?

"IMPORTANT
ELIMINATION OF BOND REQUIREMENTS FOR SMALL BREWERIES/BREWPUBS, DISTILLED SPIRITS PLANTS, AND WINERIES
As of January 1, 2017, if you are the proprietor of a brewery, distilled spirits plant, or winery owing not more than $50,000 in excise taxes in the previous year, and you expect to owe not more than $50,000 in excise taxes in the current year on beer, distilled spirits, or wine, you may no longer be required to hold a bond.
In addition, if you owed not more than $1,000 in excise taxes the previous year and expect to owe not more than $1,000 in the current year, you will be eligible to file your excise taxes annually, rather than semi-monthly or quarterly.
The information in this tutorial may not reflect these changes. TTB will update it as soon as possible. In the meantime, please see our Bond and Filing Changes homepage for more details."

https://www.ttb.gov/applications/index.shtml" onclick="window.open(this.href);return false;" rel="nofollow

I am not too versed in legalese and have been absent for quite sometime because I decided to to do anything unlawful, but if this means there is no giant bond... That might be a game changer..
Thanks for you time everyone.
Bulletproof.