Secure Transportation for America Act of 2001

Secure Transportation for America Act of 2001 - Declares that no Federal agency shall prohibit a pilot, copilot, or navigator of an aircraft, or any law enforcement personnel specifically detailed for the protection of such aircraft, from carrying a firearm.

Amends the Revised Statutes of the United States to apply the terms "piratical aggressions and depredation" and "act of piracy" to certain acts committed in the air against aircraft. Prescribes criminal penalties.

Deems property and any person subject to seizure under a duly issued letter of marque and reprisal as enemy property subject to confiscation and forfeiture or an enemy belligerent of the United States subject to court-marshal, respectively.

Amends Federal transportation law to require: (1) airport operators to establish air transportation security programs that also provide for a military presence at each airport, including locations where passengers are screened; (2) the deployment of Federal air marshals on selected passenger flights; (3) establishment of new Subcommittees on Airline Security under the House Transportation Committee and the Senate Committee on Commerce, Science and Transportation; (4) submission of passenger and crew manifests from air carriers and foreign air carriers in foreign transportation; (5) the Federal share for costs to be 100 percent for projects (incurred after September 11, 2001) relating to the hiring, training, and compensation of law enforcement personnel at non-hub or small airports, activities at certain non-primary airports, and payments for airport sponsor debt service; (6) corporations seeking the tax credit for airport and airline security expenditures (under this Act) to implement policies requiring all airport screeners to be U.S. citizens or permanent resident aliens, including a hiring preference for armed forces personnel, or a survivor or family member of a victim, or an individual who lost employment as a result, of the September 11, 2001 attacks; and (7) the application of certain employment standards and training requirements to airport security personnel, including screeners of passengers and property.

Amends the Internal Revenue Code to: (1) exempt the salary of airport screeners and security personnel from Federal income taxation; and (2) allow a tax credit to corporations for expenditures to enhance airport and airline security.

Authorizes airport operators to conduct threat assessments with regard to passenger vehicles parked within 300 feet of an airport terminal.