Artificial Intelligence Acquisitions Act of 2024

This bill prohibits U.S. federal agencies from purchasing or procuring artificial intelligence (AI) or large language model products/services from "foreign persons of concern" (entities based in or controlled by countries like China, Russia, Iran, North Korea, Cuba, Venezuela, or Syria). It requires the Executive Director to create and annually update a public list of such AI products/services meeting specific risk criteria (e.g., developed by foreign entities from listed countries). Federal contractors must stop using listed products within two years of the bill’s enactment and discontinue use if a product is later added to the list. Exceptions apply for certain intelligence activities and Department of Defense defense research.