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22 CFR 1508.995

§ 1508.995 Principal.

United States · 22 CFR — Foreign Relations · Status: effective

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22 CFR 1508.995, § 1508.995 Principal, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/96330
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Full text

Principal means— (a) An officer, director, owner, partner, principal investigator, or other person within a participant with management or supervisory responsibilities related to a covered transaction; or (b) A consultant or other person, whether or not employed by the participant or paid with Federal funds, who— (1) Is in a position to handle Federal funds; (2) Is in a position to influence or control the use of those funds; or, (3) Occupies a technical or professional position capable of substantially influencing the development or outcome of an activity required to perform the covered transaction.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.