Stop Militarizing Our Streets Act of 2024

This bill prohibits the Department of Defense from selling or buying military-grade assault weapons and "covered ammunition" (larger-caliber rounds like .223 Remington and 7.62 NATO) in the commercial market. It directly affects the Department of Defense, government-owned weapon plants, and firearms/ammo dealers by requiring dealers to meet strict new standards: holding proper licenses, conducting federal background checks, implementing security measures, limiting individual ammunition sales (500 rounds of covered ammo max per 30 days), and maintaining electronic records. Dealers failing to comply face bans on selling to the government. The bill also mandates annual reports from government plants on commercial sales and requires the Attorney General to update background check systems for ammunition dealers.