Small Business Innovation and Simplification Act of 1981

[AI summary unavailable — showing source text] Small Business Innovation and Simplification Act of 1981 - Title I: - Directs the Attorney General to conduct studies in order to identify conduct and structural arrangements (situations or courses of action which affect the pattern of ownership and control in industry) associated with U.S. export businesses which would not warrant prosecution under the antitrust laws of the United States. Directs the Attorney General to: (1) publish a description of such conduct and structural arrangements; and (2) establish procedures for prompt response to an exporter who requests the disclosure of enforcement intentions concerning specific conduct in which such exporter plans to engage or structural arrangements such exporter plans to establish. Exempts an exporter from prosecution under the antitrust laws if such exporter: (1) notifies the Attorney General of an intent to engage in a particular transaction which has been designated as not subject to prosecution under the antitrust laws and the Attorney General does not object within 30 days; or (2) requests a disclosure with respect to a particular transaction and, within 60 days, receives an approval or does not receive a written objection fr…