StacksVerified U.S. regulatory reference

31 CFR §19.420

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
If a transaction at a lower tier is subject to your approval, you as an agency official may not approve—
  1. (a)A covered transaction with a person who is currently excluded, unless you obtain an exception under § 19.120; or
  2. (b)A transaction with a person who is disqualified from that transaction, unless you obtain a waiver or exception under the statute, Executive order, or regulation that is the basis for the person's disqualification.