To reauthorize and improve the program of block grants to States for temporary assistance for needy families.

TANF Reauthorization Act of 2001 - Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act (SSA) to revise and extend the TANF program through FY 2008, with changes made to: (1) work and various other specified requirements and prohibitions; (2) penalties; (3) studies and reports; (4) minimum benefit rules; and (5) child care.