Rebuild America: Financing Infrastructure Renewal and Security for Transportation Act of 2001

[AI summary unavailable — showing source text] Rebuild America: Financing Infrastructure Renewal and Security for Transportation Act of 2001 - Amends the Internal Revenue Code to allow a limited tax credit to holders of qualified Amtrak bonds. Requires Secretary of Transportation approval of qualified Amtrak projects funded by such bonds. Amends Federal rail transportation law to authorize appropriations to the Secretary for Amtrak capital expenditures, including specified tunnel life safety projects, bridges, tracks, and other improvements, and equipment, including acquisition of trainsets and rolling stock. Directs the Secretary to establish a program of capital grants to class II and class III railroads (or with the concurrence of such railroads, to a State or local government) to rehabilitate, preserve, or improve certain railroad track. Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to set forth additional requirements with respect to cohorts of direct loans and loan guarantees for certain railroad rehabilitation and improvement projects. Amends the Federal Water Pollution Control Act to remove certain requirements for States with respect to construction of treatment works under capitalization grant a…