General Equivalency Diploma Reform and Improvement Act of 2001

General Equivalency Diploma Reform and Improvement Act of 2001 - Directs the Secretary of Education to study, review, and report to Congress on the relative value of General Equivalency Diplomas (GEDs) and Department of Education policies and procedures to determine how the Department can reform in order to: (1) cooperate with other Federal agencies, States, and local educational agencies to improve educational opportunities and promote high quality education for all, including pregnant teenagers and young mothers; and (2) encourage school dropouts to return to school, those working to obtain GEDs to enter colleges, and the restructuring of the GED to make it more relevant to current high educational standards.