Private Property Protection Act of 2001

Private Property Protection Act of 2001 - Declares that no regulation issued by an executive agency after enactment of this Act shall become effective until the issuing agency is certified by the Attorney General to be in compliance with Executive Order 12630 or similar procedures to assess the potential for the taking of private property in the course of Federal regulatory activity, with the goal of minimizing such takings where possible.

Provides for limited judicial review of an action taken pursuant to this Act.

Requires the Secretary of Agriculture to study and report to the Congress on the effect this Act will have on the farm economy and agricultural production.