Protect the Homeland from North Korean and Iranian Ballistic Missiles Act - States the concern of Congress over North Korean and Iranian long-range ballistic missile technology and the spread of such technology. Expresses support for ballistic missile protection of U.S. allies and forward deployed forces but also the belief that this should not come at the expense of U.S. homeland protection.
Directs the Secretary of Defense to deploy specified numbers of ground-based interceptors in Alaska and California and such number in other locations as determined to be appropriate by the President.
Authorizes funding for the ground-based midcourse defense system of the Missile Defense Agency.