Code of Federal Regulations · Section
§ 1006.420 — May I Approve A Transaction With An Excluded Or Disqualified Person At A Lower Tier?
22 C.F.R. § 1006.420
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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 § 1006.120; 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.
Authorizing Statute
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Definitions31 U.S.C. § 6101