Federal Acquisition Security Council Improvement Act of 2024

[AI summary unavailable — showing source text] Federal Acquisition Security Council Improvement Act of 2024 This bill revises the structure and function of the Federal Acquisition Security Council (FASC), including by authorizing FASC to declare certain vendors associated with foreign adversaries ineligible to participate in federal procurement. Specifically, Congress may designate for FASC review vendors (1) that are operating on behalf of, or are subject to the jurisdiction or control of, foreign adversaries; or (2) that pose a risk to national security based on their association with a foreign adversary’s military or intelligence forces. The covered foreign adversaries are China, Iran, North Korea, and Russia. FASC must review each designated vendor to determine whether to issue an order excluding the vendor from executive agencies’ procurement actions or requiring covered articles produced or provided by the vendor to be removed from agencies’ information systems. (Currently,  c overed articles include telecommunications equipment and services, information technology and information processing, and other systems or devices that include information technology.) Vendors subject to an exclusion or removal order may s…