Intelligence Activities to Prevent Terrorism bill

Intelligence to Prevent Terrorism Act of 2001 - Amends the National Security Act of 1947 to require the Director of Central Intelligence (DCI) to establish requirements and priorities for, and manage the analysis and dissemination of, all foreign intelligence collected under the Foreign Intelligence Surveillance Act of 1978 (the Act). Requires the inclusion of international terrorist activities within the scope of foreign intelligence under the Act.

Authorizes any officer or employee of the intelligence community to establish and maintain intelligence relationships to acquire information on terrorists and terrorist organizations.

Provides temporary authority to defer the submission to Congress of certain reports on intelligence and intelligence-related matters.

Excludes from the definition of "electronic surveillance" the interception of instructions to electronic devices solely for the operation of such devices.

Provides the duration of an order for the electronic surveillance or physical search of an agent of a foreign power.

Requires the Attorney General or head of any other Federal department or agency to expeditiously disclose to the DCI any foreign intelligence acquired in the course of a criminal investigation.

Requires the DCI and Secretary of the Treasury to jointly report to Congress on the feasibility and desirability of reconfiguring the Foreign Asset Tracking Center and the Office of Foreign Assets Control to provide for the analysis and dissemination of foreign intelligence relating to the financial capabilities and resources of international terrorist organizations.

Requires the DCI to establish and maintain the National Virtual Translation Center for timely and accurate translations of foreign intelligence for elements of the intelligence community.

Requires the Attorney General to provide a program of training to Government officials regarding the identification and use of foreign intelligence.