A bill to amend title 10, United States Code, to require the Department of Defense to exclude from consideration for contracts those firms in which a hostile foreign government or a covered foreign national owns or controls a significant interest.

Amends Federal law relating to competition requirements in defense contracts to direct the head of a defense agency to require any firm that submits a bid or proposal in response to a solicitation to disclose in such bid or proposal any significant interest in that firm that is owned or controlled by a foreign government or a foreign national.

Requires the head of an agency to exclude from consideration for a contract exceeding $100,000 a firm in which a hostile foreign government or covered foreign national owns or controls a significant interest.

Directs the Secretary of Defense to prescribe regulations listing hostile foreign governments. Makes this Act inapplicable to the Coast Guard or the National Aeronautics and Space Administration.