Repeal of the Small Business Competitiveness Demonstration Program Effective Immediately
The President of the United States signed the Small Business Jobs Act of 2010 (Jobs Act) on Sept. 27, 2010. The Jobs Act amended the Business Opportunity Development Reform Act of 1988 (Public Law 100-656) by repealing the Small Business Competitiveness Demonstration Program. The amendment was effective Sept. 27, 2010, and applies to the first full fiscal year after the date of enactment of the Jobs Act. The first fiscal year began Oct. 1, 2010. For further information, please see Section 1335 of the Jobs Act.