Fishable Waters Act of 2001

Fishable Waters Act of 2001 - Amends the Federal Water Pollution Control Act (the Act) to establish a program of grants to States with approved fisheries habitat protection, restoration, and enhancement programs.

Permits States to designate watershed councils to carry out fisheries habitat protection, restoration, and enhancement plans.

Makes projects that support or implement specific recommendations contained in a council plan eligible for financial support from a State's fisheries habitat account established pursuant to this Act.

Directs the Secretary of the Interior, acting through the Director of the Fish and Wildlife Service, to establish a community fisheries habitat revitalization program to provide for assistance to State fish and wildlife agencies for projects to improve urban watersheds and public access to such watersheds in order to restore fisheries habitat or enhance fisheries uses and provide recreational opportunities.

Requires States with approved programs to establish fisheries habitat accounts for providing financial support for recommended projects.

Requires the Secretary, acting through the Fish and Wildlife Service and the Geological Survey, to: (1) establish a national planning program for protection and restoration of fisheries habitat through improved floodplain management practices on major waterways; and (2) disseminate technical information on fisheries-related needs for instream flows.

Treats Indian tribes as States for purposes of this Act.

Reauthorizes appropriations for FY 2002 through 2006 under the Act for grants for: (1) nonpoint source pollution control management programs; and (2) groundwater quality protection activities to advance States toward implementation of such programs.