Nuclear Safety and Promotion Act of 2001

Nuclear Safety and Promotion Act - Amends the Atomic Energy Act of 1954 to reauthorize until August 1, 2012, mandatory indemnification and holding harmless of certain licensees for nuclear incidents (Price-Anderson Act).

Repeals the prohibition against foreign ownership of commercial, medical therapy, and research and development licenses issued by the NRC.

Provides that the duration of the operating phase of the license period for certain combined construction and operating licenses shall not be less than the duration of the operating license if application had been made for separate construction and operating licenses.

Prohibits the NRC from giving any consideration to need or alternative when conducting any environmental review regarding a facility license application or renewal.

Eliminates antitrust review of NRC license applications.

Authorizes the NRC to prescribe regulations to ensure the availability of sufficient decommissioning funds for certain production or utilization facilities, including standards and restrictions governing former licensee control and disbursement over any facility decommissioning fund.

Authorizes the NRC to eliminate the pension offset governing former NRC employees rehired as consultants if the annuitant has skills critical to the performance of NRC duties.

Repeals the requirements that the NRC promulgate implementation rules governing conflicts of interest relating to contracts. Authorizes the NRC enter into a contract with a national laboratory if it takes reasonable steps to mitigate the effect of the conflict of interest.

Instructs the NRC to implement a training and fellowship program to address shortages of critical safety skills.