Federal A.I. Governance and Transparency Act of 2024

This bill establishes federal governance requirements for artificial intelligence systems used by government agencies. It requires agencies to create detailed AI governance charters for high-risk systems, including information about development, training data, and how the system is used. Agencies must provide plain language notifications to individuals affected by AI-driven decisions and maintain public inventories of AI systems through a Federal AI System Inventory. The bill creates a new oversight role within the Office of Management and Budget and mandates regular evaluations of agency AI governance practices. These requirements apply to all federal agencies and their contractors using AI systems that make decisions affecting individuals.