29 CFR §1471.200 — What is a covered transaction?

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗

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.