How does an exclusion restrict a person's involvement in covered transactions?

CFR · 2024-01-01 · US · Title 2

With the exceptions stated in §§ 180.135, 315, and 420, a person who is excluded by any Federal agency may not: (a) Be a participant in a Federal agency transaction that is a covered transaction; or (b) Act as a principal of a person participating in one of those covered transactions.

official document · source cfr-2024 · id 2:§ 180.130