Maritime Administration Authorization Act for Fiscal Year 2001

Maritime Administration Authorization Act for Fiscal Year 2001 - Authorizes FY 2001 appropriations for the Maritime Administration of the Department of Transportation for operations, training activities, and the costs of guaranteed loans under the Merchant Marine Act, 1936.

Amends the Merchant Marine Act, 1936 to exempt from certain U.S.-build requirements any drybulk or breakbulk vessel over 7,500 deadweight tons that has been built in and delivered from a foreign shipyard, or contracted for construction in a foreign shipyard, before the earlier of: (1) one year after the enactment of this Act; or (2) the effective date of the OECD Shipbuilding Trade Agreement Act. Requires such a vessel to: (1) have any additional shipyard work necessary to receive a Coast Guard certificate of inspection performed in a U.S. shipyard; (2) not be documented in another country before being documented under U.S. law; (3) comply with inspection standards imposed on ocean common carriers; and (4) be delivered on or before the third anniversary of the date of the construction contract.

Amends the National Maritime Heritage Act of 1994 to postpone from September 30, 2001, until September 30, 2006, the deadline for disposal of vessels National Defense Reserve Fleet after July 1, 1994, that are not assigned to the Ready Reserve Force component of that fleet, and not specifically authorized or required by statute for any other use.