Time to Choose Act of 2024

The Time to Choose Act of 2024 requires consulting firms that provide management, scientific, or technical services (covered under NAICS code 5416) to certify they do not contract with Chinese government entities or affiliated organizations before receiving U.S. federal contracts. It prohibits federal agencies from awarding contracts to such firms if they fail this certification or are found to have undisclosed ties to "covered foreign entities" (including China’s government, Communist Party, or United Front). Firms submitting false certifications face contract termination, suspension, debarment, or penalties under the False Claims Act, including triple damages. The bill directly affects major consulting firms like Deloitte and McKinsey that currently serve both U.S. government agencies and Chinese entities.