Omnibus Small Business Act of 1991

[AI summary unavailable — showing source text] Omnibus Small Business Act of 1991 - Title I: Cabinet Level Status for Administrator of the Small Business Administration - Expresses the sense of the Congress that the Administrator of the Small Business Administration should be designated by the President as a full-fledged member of the Cabinet, to serve as the President's principal advisor on all small business matters. Amends Federal law to raise the Administrator's pay to an executive level commensurate with cabinet status. Title II: Judicial Review Under Regulatory Flexibility Act - Amends the Regulatory Flexibility Act to repeal the proscription against judicial review of agency determinations regarding regulatory flexibility. Title III: Study of Impact of Regulatory Analysis Upon Small Business - Requires the Chief Counsel for Advocacy of the Small Business Administration to study the impact of Federal regulatory paperwork and tax requirements upon small business. Title IV: Relief from Retroactive Application of Treasury Department Regulations and Rulings - Amends the Internal Revenue Code to provide that all final, temporary, or proposed regulations and rulings issued by the Secretary of the Treasury shall apply prospectiv…