If a transaction at a lower tier is subject to your approval, you as an agency official may not approve—

Terms Used In 22 CFR 1006.420

  • Statute: A law passed by a legislature.

(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.