Federal rules regarding drones updated as of 2/13/15:
The FAA proposal would allow drones weighing up to 55 pounds to fly within sight of their remote pilots during daylight hours. The aircraft must stay below 500 feet in the air and fly less than 100 mph.
People flying drones would need to be at least 17 years old, pass an aeronautics test and be vetted by the Transportation Security Administration, but a certificate wouldn't require the flight hours or medical rating of a private pilot's license.
NOTE: These are the preliminary rules regarding UAV. The final regs have yet to be submitted.
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