Small Companies and SOX

The SEC seems to be delaying yet another year the application of Section 404 of Sarbanes Oxley (enacted in 2002) to small publicly traded companies.  Companies with market capitalization of less than $75 million, a small percentage of the total market value of United States publicly traded companies but a majority in number of such companies, do not have to comply with the Section.  The small companies will not have to comply until 2009.  Currently they must comply by Dec. 15, 2008.  This is getting ridiculous.  It reminds me of State Attorneys General not enforcing "horseless carriage" laws (it is illegal to spook a horse...) still on the books.  The Section should not apply to small companies at all and they should be permanently exempted.