This is a great article from CFO.com about Kenneth Johnson, the new SEC Finance Chief, and what he plans to do.

I held discussions today with Senator Benjamin L. Cardin's office to try to gain some clarity on the Wall Street Reform Act, Section 404(b) permanent reprieve.  I learned some very interesting news.  The Section 404(b) reprieve amendment FAILED in the House on December 11, 2009 at 11:14 AM by a vote of 153 - 271.  That is what this link depicts:  http://www.opencongress.org/bill/111-h4173/amendments?page=2

From MSNBC.com.  This article relates to when/if non-accelerated filers may be required to comply with Sarbanes-Oxley, section 404(b), or the external audit attestation portion of Sarbanes-Oxley Compliance since the Wall Street Reform Act contains an amendment that, if passed, would grant a permanent reprieve to non-accelerated filers (those public companies with a market cap of less than $75MM).  Great article: 
"Impact of Wall Street reform up in the air
Overhaul of financial rules may have unintended consequences

The below excerpt is from Webcpa.com.  This is a great article outlining reasoning as to why small companies should not be exempt from SOX 404 Audits.

We do not know yet if the amendment for a permanent 404(b) Sarbanes-Oxley reprieve was included or excluded.  We will probably know tomorrow.