CFR › Title 2 › Part 180 › §180.2002 CFR §180.200Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkA covered transaction is a nonprocurement or procurement transaction subject to this part's prohibitions. 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.