Josh Rogin, reporting for Daily Beast, says the path is now clear to restore US aid to Egypt to its full level. Here's a quote from Michele Dunne that pretty much sums it up:
“I think there’s a sense of giving up on Egypt [inside of the Obama administration], on the Hill as well,” said Dunne. “There’s a sense that ‘Oh well they tried a democratic transition, it didn’t work, but we don’t want to cut ourselves off from Egypt as a security ally, so let’s just forget about the whole democracy and human rights thing except for giving it some lip service from time to time.’”
Also see this report from Ali Gharib on the crucial role Israel and its US lobby played in mustering Congressional support for this.
Last summer, the language on draft bills from the House and Senate on Egypt suggested a substantial reduction in aid and/or the linking of the aid to various requirements, and also threatened to drop the usual waiver the administration could exercise. Now, the administration is only required to certify that Egypt is maintaining good relations with Israel. The path is clear to restore the aid, and the bilateral relationship, to its Mubarak-era level.