Maritime Administration Authorization Act for Fiscal Year 2001

Maritime Administration Authorization Act for Fiscal Year 2001 - Authorizes appropriations for FY 2001 to the Secretary of Transportation for the Maritime Administration.

Amends the Merchant Marine Act, 1936 to declare that certain restrictions concerning a vessel built in a foreign country shall not apply to a drybulk or breakbulk vessel over 7,500 deadweight tons that has been delivered from a foreign shipyard or contracted for construction in a foreign shipyard within either one year of the enactment of this Act or no later than the effective date of the OECD Shipbuilding Trade Agreement Act, whichever is earlier. Deems U.S.-built any vessel timely contracted for or delivered and documented under U.S. law, if certain conditions are met.

Amends the National Maritime Heritage Act to extend, by five years, the date by which certain vessels must be disposed.