A bill to provide for the establishment of policy on the deployment by the United States of an antiballistic missile system and of advanced theater missile defense systems.

States that it shall be the policy of the United States to: (1) deploy at the earliest practical date an antiballistic missile system (ABM system) capable of providing a highly effective defense against ballistic missile attacks; and (2) provide highly effective theater missile defenses (TMDs) to forward-deployed and expeditionary elements of U.S. armed forces, as well as friendly and allied forces.

Directs the Secretary of Defense to develop for deployment at the earliest practicable date: (1) a cost- and operationally-effective ABM system; and (2) advanced TMDs. Requires a plan with respect to the deployment of such systems to be submitted to specified congressional committees within 60 days after the enactment of this Act.