Federal Program Integrity and Fraud Prevention Act of 2024

This bill requires federal agencies to automatically exclude individuals convicted of specific fraud-related felonies - such as embezzlement, identity theft, or contract fraud - from receiving federal contracts, grants, loans, or other financial assistance for three years. It applies to people convicted under listed federal statutes (including Title 18 offenses like 1001, 1014, and 1344) in cases tied to federal funding. The Attorney General must notify the System for Award Management (SAM) within a timely manner, triggering the exclusion, though agency heads may grant exceptions in writing and must report these to Congress immediately. The bill mandates federal agencies to issue implementation guidance within one year of enactment.