CFR › Title 29 › Part 1471 › §1471.20029 CFR §1471.200Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkA 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.