Loan / Independence Rule on the SEC's Agenda

According to various reports, including this article by Davis Polk, which questioned the veracity of the information, the SEC's recently updated regulatory agenda  now includes rule-making for the auditor independence issue involving lending relationships between auditors and entities invested in their firms' audit clients.  

Interestingly, the item (last in a lengthy list of items) is characterized as "Final Rule Stage" (Auditor Independence With Respect to Loans or Debtor-Creditor Relationships).  

More to come.... I suppose.