The AI Transparency in Elections Act of 2024 requires political advertisements containing artificially generated or substantially altered images, audio, or video to include clear disclaimers informing voters that AI was used. The disclaimers must appear prominently in images, be spoken aloud for at least four seconds in audio ads, and appear both visibly and audibly in video ads. The law applies to all political advertising that supports or opposes candidates, mentions candidates within 120 days of elections, or solicits campaign contributions. Violations can result in civil penalties up to $50,000 per advertisement, with the Federal Election Commission authorized to establish a penalty schedule. The Federal Election Commission must issue regulations within 90 days of the law's enactment and submit compliance reports to Congress biannually beginning two years after enactment.