Air Force Science and Technology for the 21st Century Act of 2001

Air Force Science and Technology for the 21st Century Act of 2001 - Expresses the sense of Congress that the Secretary of the Air Force should: (1) continue and improve efforts to ensure the advocacy of science and technology within the Air Force budgetary decisionmaking process; (2) complete and adopt policy directives for changes in Air Force science and technology budgetary and nonbudgetary decisions; (3) review the long-term challenges and short-term objectives of Air Force science and technology programs; and (4) ensure that development and science and technology planning and investment activities are carried out for future space warfighting systems and future nonspace warfighting systems.

Directs the Secretary to: (1) reinstate and implement a revised Air Force science and technology development planning process; and (2) carry out a study to determine how changes to the Air Force science and technology program implemented during the past two years affect future Air Force capabilities.

Expresses the sense of Congress that the Deputy Assistant Secretary of the Air Force, Science, Technology, and Engineering shall be paid at the highest rate of basic pay for a member of the Senior Executive Service.