Small Business Promotion Act

[AI summary unavailable — showing source text] Small Business Promotion Act - Title I: Findings and Purpose - Declares that the purpose of this Act is to encourage the survival of a small business sector in the economy by reducing unnecessary Government regulation, by encouraging investment in small firms, by promoting small business export activity, and by increasing the involvement of small businesses in Federal procurement and research and development contracts. Title II: Regulatory Adjustment and Reduction - Requires each Federal agency to publish in the Federal Register with its general notice of a proposed rule: (1) the goals and purposes of the proposed rule; (2) the estimated number of small businesses, as defined in this Act, to which the rule would apply; and (3) a statement that the agency will consider alternative proposals to the rule which would reduce its impact on small businesses through differing compliance or reporting requirements, exemptions to the rule, consolidation and simplification of the requirements of the rule, altered performance standards, differing timetables for compliance, and other suitable means. Requires each Federal agency to publish an impact analysis with the general notice of a proposed …