I'm not sure where your getting you information from but it is quite clear, and I quote, "the aircraft is operated in accordance with a community-based set of safety guidelines and within the programming of a nationwide community-based organization" to be considered a recreational flyer and as such don't fall under the FAA's rules. as for belonging to the AMA, the FAA has stated several time, the the key wording is, and again I quote, "within the programming" And here is an interptation of the law you quoted...https://www.faa.gov/uas/media/model_aircraft_spec_rule.pdf
Yes, I do know what it says. I won't go into details within this thread as this has been beat to death already in my other threads and you can read those for more information. Wording of laws such as these can be very poorly written and that is true in this case. According to the wording itself, if I great a CBO, you and everyone needs to follow my rules. According to the way you read it, a person is required to pick a CBO and follow their rules. I'm following the CBO, American's Who Fly UAVs (the AWF). They only have 1 rule.... we don't talk about the AWF. The FAA has not said that the AWF is not a CBO. Catch where I'm going with this? Those interpretations mentioned don't make sense.
What section 336 _really_ means when it mentions CBO's is that local CBO's _can_ apply their rules to flight as long as it has that power over the person. So if you _join_ the AMA, they can make rules that govern airspace (which is normally only allowed by the FAA) that apply to their members. The FAA can't charge the AMA with a violation of US Code (stating that only the FAA can regulate airspace). But if that CBO has no power over the person, that person does not need to follow those rules. As you read Section 336, everyone would somehow need to know about every CBO in the US and follow all of those CBO's rules. Clearly that makes no sense. A person is not only required to know all US law but also follow that to find out who all of the CBO's are? Nope.