StacksVerified U.S. regulatory reference

22 CFR §1508.120

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
  1. (a)The ADF President may grant an exception permitting an excluded person to participate in a particular covered transaction. If the ADF President grants an exception, the exception must be in writing and state the reason(s) for deviating from the governmentwide policy in Executive Order 12549.
  2. (b)An exception granted by one agency for an excluded person does not extend to the covered transactions of another agency.