Emergency Supplemental Appropriations bill

2001 Emergency Supplemental Appropriations Act for Recovery from and Response to Terrorist Attacks on the United States - Makes emergency supplemental appropriations for FY 2001 for emergency expenses to respond to the terrorist attacks on the United States on September 11, 2001, to provide assistance to the victims, and to deal with other consequences of the attacks. Makes $40 billion available to the Executive Office of the President and Funds Appropriated to the President for the Emergency Response Fund for such expenses, including for the costs of: (1) providing Federal, State, and local preparedness for mitigating and responding to the attacks; (2) providing support to counter, investigate, or prosecute domestic or international terrorism; (3) providing increased transportation security; (4) repairing damaged public facilities and transportation systems; and (5) supporting national security.

Conditions the availability of such funds on the President: (1) transmitting to Congress an official budget request designating such appropriations as an emergency requirement under the Balanced Budget and Emergency Deficit Control Act of 1985; and (2) consulting with the chairmen and ranking minority members of the House and Senate Committees on Appropriations. Provides that: (1) $10 billion of such funds shall not be available for transfer to any department or agency until 15 days after the Director of the Office of Management and Budget has submitted a proposed allocation and plan for use of the funds for that department or agency; (2) $20 billion may be obligated only when enacted in a subsequent emergency appropriations bill, in response to such terrorist acts; (3) the President shall transmit an amended budget request proposing an allocation of funds; and (4) not less than one-half of the $40 billion shall be for disaster recovery activities and assistance related to such terrorist acts in New York, Virginia, and Pennsylvania.