I've heard mention previously on HN that FDA regulations hampered the availability of test kits within the US due to archaic laws. Given that these regulations

I've heard mention previously on HN that FDA regulations hampered the availability of test kits within the US due to archaic laws. Given that these regulations are about to be loosened or entirely done away with temporarily, what exactly would this imply? If the kits themselves have an accuracy rate of ~60% as I've heard mentioned here and elsewhere, wouldn't faster testing (ex. 3 hour, 1 hour) reduce accuracy even more and create "diagnostic theater" as an analogy to the security theater already witnessed at airports? Would love to hear more about this from an epidemiological standpoint.