45 C.F.R. § 2542.115 How does an exclusion restrict a person's involvement in covered transactions?
Title 45 - Public Welfare
With the exceptions stated in §§2542.120, 2542.315, and 2542.420, a person who is excluded by the Corporation or any other Federal agency may not: (a) Be a participant in a(n) Corporation transaction that is a covered transaction under subpart B of this part; (b) Be a participant in a transaction of any other Federal agency that is a covered transaction under that agency's regulation for debarment and suspension; or (c) Act as a principal of a person participating in one of those covered transactions.
Title 45: Public Welfare
PART 2542—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)
Subpart A—General
§ 2542.115 How does an exclusion restrict a person's involvement in covered transactions?