22 CFR 1508.415
§ 1508.415 What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?
United States · 22 CFR — Foreign Relations · Status: effective
Cite this
- Citation
- 22 CFR 1508.415, § 1508.415 What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/96249
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Full text
(a) You as an agency official may continue covered transactions with an excluded person, or under which an excluded person is a principal, if the transactions were in existence when the person was excluded. You are not required to continue the transactions, however, and you may consider termination. You should make a decision about whether to terminate and the type of termination action, if any, only after a thorough review to ensure that the action is proper.
(b) You may not renew or extend covered transactions (other than no-cost time extensions) with any excluded person, or under which an excluded person is a principal, unless you obtain an exception under § 1508.120.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.