Clarification:
NCLB current requirements (Act of 2001)-

"(1) IN GENERAL- eash local educational agency receiving assistance under this part shall insure that all paraprofessionals hired after the date of enactment of the No Child Left Behind Act of 2001 and working in a program supported with funds under this part shall have-
(A) completed at least two years of study at an institution of higher education;
(B) obtained an associate's (or higher) degree; or
(C) met a rigorous standard of quality and can demonstrate, through a formal State of local academic assessment-
   (i) knowledge of, and the ability to assist in instructing, reading, reading, writing, and mathematics; or
   (ii) knowledge of, and the ability to assist in instructing, reading readiness, writing readiness, and mathematics readiness, as appropriate.

(2)CLARIFICATION- The receipt of a secondary school diploma (or its recognized equivalent) shall be necessary but not sufficient to satisfy the requirements of paragraph (1)(C)."
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NCLB Act 2007 (not yet enacted)

"The No Child Left Behind Act (NCLB) recognizes this. The law requires that all teachers of core academic subjects in the classroom be highly qualified. This is determined by three essential criteria: (1) attaining a bachelor's degree or better in the subject taught; (2) obtaining full state teacher certification; and (3) demonstrating knowledge in the subjects taught."

Find the full documents here: http://www.ed.gov/nclb/landing.jhtml
NCLB