Children's Lead SAFE Act

Children's Lead Screening Accountability For Early-Intervention Act of 2001 or Children's Lead SAFE Act - Amends title XIX (Medicaid) of the Social Security Act (SSA) to require State Medicaid plans to provide for reporting to the Secretary of Health and Human Services of the number of children who: (1) are under age three and enrolled in the State plan; and (2) have received a blood lead screening test.

Requires each contract between the State and an entity responsible for provision of medical assistance under the State plan to provide for: (1) compliance with mandatory blood lead screening requirements consistent with prevailing guidelines of the Centers for Disease Control and Prevention (CDC) for such screening; and (2) coverage of qualified lead treatment services. Allows reimbursement for qualified lead treatment services for children with elevated blood lead levels. Provides for: (1) enhanced Federal matching contributions for an information retrieval system that determines whether a child is enrolled under a State plan and whether an enrolled child has received mandatory early and periodic screening, diagnostic, and treatment services; and (2) emergency measures.

Authorizes the Secretary to establish a program of bonus payments to States to improve the blood lead screening rates of States for children under age three enrolled in Medicaid.

Amends SSA title XXI (State Children's Health Insurance Program) (SCHIP) to grant States the option of using SCHIP funds for applying the blood lead screening and coverage of qualified lead treatment services under Medicaid to the State's SCHIP plan.