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31 CFR §19.115

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
With the exceptions stated in §§ 19.120, 19.315, and 19.420, a person who is excluded by the Department of the Treasury or any other Federal agency may not:
  1. (a)Be a participant in a(n) Department of the Treasury transaction that is a covered transaction under subpart B of this part;
  2. (b)Be a participant in a transaction of any other Federal agency that is a covered transaction under that agency's regulation for debarment and suspension; or
  3. (c)Act as a principal of a person participating in one of those covered transactions.