Is my dad paranoid - or is the FCC considering lifting all restrictions on TV profanity soon?

My dad's a well-intentioned guy - but he doesn't always check his sources when it's something that lines up with his ideology. He recently told me that the FCC is considering letting profanity have free reign on TV, where even the strongest curse words can be broadcast during daytime "family viewing" hours. I can't imagine this going through (due to vicious and justified backlash by parent groups), but is this even an idea that's being tossed around at the moment? If you say it is, please provide a pertinent link with your answer. Thanks!