United Nations Tax Equalization Refund Act of 2011 - States that it shall be U.S. policy to: (1) direct the United Nations (U.N.) to return to the United States a specified amount overpaid into the United Nations Tax Equalization Fund (TEF) as of December 31, 2009; (2) use U.S. influence to press the U.N. to reform its TEF assessment procedures to reduce the discrepancies between TEF income and expenditures; and (3) annually instruct the U.N. to return to the United States any TEF surplus funds payable to the United States.
Withholds such amount from the U.S. contribution to the regularly assessed biennial budget of the U.N. until the Secretary of State certifies to Congress that the U.N. has returned such amount to the United States.