CFR › Title 2 › Part 180 › §180.1302 CFR §180.130Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkWith the exceptions stated in §§ 180.135, 315, and 420, a person who is excluded by any Federal agency may not:(a)Be a participant in a Federal agency transaction that is a covered transaction; or(b)Act as a principal of a person participating in one of those covered transactions.