{"data":{"id":"us/22-cfr-1508.415","jurisdiction":"us","citation":"22 CFR 1508.415","heading":"What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?","body":"(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.\n(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.","path":["Title 22—Foreign Relations","CHAPTER XV—AFRICAN DEVELOPMENT FOUNDATION","PART 1508—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)","Subpart D—Responsibilities of ADF Officials Regarding Transactions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-22.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:49Z","sha256":"06a558db6392e3f6b3c90aeaff2c4a13ddf95a71417cf3bc25fb65779fb60c01","source_id":"us-cfr","stale":true,"prev":"us/22-cfr-1508.410","next":"us/22-cfr-1508.420"},"notice":"GroundRules: Original legal text. Not legal advice."}