Federal Emergency Procurement Flexibility Act of 2001

[AI summary unavailable — showing source text] Federal Emergency Procurement Flexibility Act of 2001 - Amends the Office of Federal Procurement Policy Act to revise the definition of "simplified acquisition threshold" to mean $100,000 (currently) or an amount equal to five times such amount in cases of contracts to be awarded and performed, or purchases to be made, in support of military operations for the provision of humanitarian or foreign disaster assistance or for peacekeeping or contingency operations. Deems the micro-purchase threshold with respect to procurements of property and services by or for executive agencies for use to facilitate the defense against terrorism or a nuclear, biological, chemical, or radiological attack against the United States or a technological attack against a national security system (NBCRT attack) to be $25,000 during FY 2002 and 2003 (currently $2,500). Permits executive agencies to apply to the procurement of property and services during FY 2002 and 2003 for such purposes specified provisions of law relating to the procurement of commercial items, including special simplified acquisition procedures, without regard to: (1) whether the property and services are commercial items; or (2) the $5…