Emergency State and Local Prison Compliance Assistance Act - Authorizes the Attorney General, under regulations to be prescribed after consultation with the Director of the Bureau of Prisons, to make grants to States and units of local government for the construction and modernization of correctional facilities. Limits eligibility for such grants to States or local governments that are subject to a Federal court decision declaring a correctional facility unfit for human habitation due to its physical condition and ordering that such conditions be eliminated or that the inmate population be reduced.