To amend the Defense Production Act of 1950 to prohibit certain foreign countries from purchasing or leasing property near sensitive sites, and for other purposes.

HR 558 amends the Defense Production Act to prohibit China, Iran, North Korea, and Russia (and entities they control) from purchasing or leasing property within 10 miles of designated sensitive sites. These sites include U.S. military bases, ports, government facilities, and other locations where foreign access could threaten national security through intelligence collection or surveillance. The bill requires the Committee to notify Congress of any violations and applies to transactions occurring after its enactment. It directly affects foreign entities from the listed countries seeking real estate near critical U.S. infrastructure.