1. Short title This Act may be cited as the Time to Choose Act of 2024 . 2. Findings Congress makes the following findings: (1) The Department of Defense and other agencies in the United States Government regularly award contracts to firms such as Deloitte, McKinsey & Company, and others who are simultaneously providing consulting services to the Government of the People’s Republic of China and proxies or affiliates thereof. (2) The provision of such consulting services by firms like Deloitte, McKinsey & Company, and others to entities in the People’s Republic of China directly supports efforts by that nation’s government to generate economic and military power that it can then use to undermine the economic and national security of the American people, including through economic coercion and by threatening or using military force against us. (3) It is a conflict of interest for firms like Deloitte, McKinsey & Company, and others to simultaneously aid in the efforts of the Government of the People's Republic of China to undermine the economic and national security of the United States while they are simultaneously contracting with the Department of Defense and other United States Government agencies responsible for defending the United States from foreign threats, above all from China. (4) Firms like Deloitte, McKinsey & Company, and others should no longer be allowed to engage in such a conflict of interest and should instead be required to choose between aiding the efforts of the Government of the People's Republic of China to harm the United States or helping the United States Government to defend its citizens against such foreign coercion. 3. Prohibition on Federal contracting with entities that are simultaneously aiding in the efforts of the People’s Republic of China to harm the United States In order to end conflict of interests in Federal contracting among consulting firms that simultaneously contract with the United States Government and covered foreign entities, the Federal Acquisition Regulatory