22 CFR § 1508.450
What action may I take if a primary tier participant fails to disclose the information required under §1508.335?
November 19, 2020
If you as an agency official determine that a participant failed to disclose information, as required by §1508.335, at the time it entered into a covered transaction with you, you may—
(a) Terminate the transaction for material failure to comply with the terms and conditions of the transaction; or
(b) Pursue any other available remedies, including suspension and debarment.