On January 8, 2014 the SBA issued amendments/updates to the SBIR Policy Directive (PD) that was originally published on August 6, 2012, to include the new language of the SBIR reauthorization that was signed into law (PL 112-81) on December 31, 2011.
After the PD was published in 2012, SBA asked for comments. Some of the changes in this January 8, 2014 update, reflect SBA's response to your comments, as well as some other changes that needed to be done, and some minor verbiage cleanup.
The sections in "Red" below are sections that have been updated. In those updated sections, the new language is in blue, and there is a button by each major change that will allow you to see what modifications were made.
This is not an official SBA effort, and it is expected that the SBA will publish the full updated PD in a few weeks. We will have discussions of these changes, and what it may mean to you in our upcoming SBIR Insider at www.zyn.com/sbir/insider.