20 C.F.R. § 436.200 What is a covered transaction?
Title 20 - Employees' Benefits
A covered transaction is a nonprocurement or procurement transaction that is subject to the prohibitions of this part. It may be a transaction at— (a) The primary tier, between a Federal agency and a person (see appendix to this part); or (b) A lower tier, between a participant in a covered transaction and another person.
Title 20: Employees' Benefits
PART 436—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)
Subpart B—Covered Transactions
§ 436.200 What is a covered transaction?