31 CFR 19.420
§ 19.420 May I approve a transaction with an excluded or disqualified person at a lower tier?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 19.420, § 19.420 May I approve a transaction with an excluded or disqualified person at a lower tier?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/138649
- Permanent ID
ys:prov:138649@1- SHA-256
0d24ef09c9ebe8c6522c0f7a3bfda8de63c216d1c1770a674b06af0297a13e8d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
If a transaction at a lower tier is subject to your approval, you as an agency official may not approve—
(a) A covered transaction with a person who is currently excluded, unless you obtain an exception under § 19.120; or
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.