The Time to Choose Act would require consulting firms seeking certain federal contracts to certify that they and their subsidiaries or affiliates do not provide consulting services to covered foreign entities. Federal agencies generally could not award consulting contracts to firms with those ties. Agency heads could grant limited waivers when they find one is needed for national security and no other firm can do the work. The bill also sets notice and reporting rules for waivers and penalties for knowingly false information.
The requirements would apply to consulting firms seeking work from executive agencies, not directly to members of the public. The bill does not describe other effects on individuals.
The bill authorizes no additional funds. It does not provide an estimate of implementation costs.
The bill's findings say that some consulting work for covered foreign entities may support efforts that undermine U.S. economic and national security. They describe firms' simultaneous work for those entities and federal agencies as a conflict of interest.
No publicly available information.