The No CCP Consultants Act prohibits the State Department from awarding contracts or grants to consulting firms that have worked with China, Russia, terrorist-supporting regimes, or other entities deemed threats to national security within the past year. Contractors bidding for State Department work must disclose any previous or ongoing financial relationships with these "covered entities," including whether they will continue receiving funds while working for the State Department. If a contractor fails to make required disclosures, the State Department can terminate their contract and bar them from future government work for up to five years. The bill allows companies to regain eligibility by certifying that they have ended all relationships with covered entities and commit not to pursue such work while holding State Department contracts. The Secretary of State must establish new procurement policies and revise department regulations within one year to implement these requirements.