{"data":{"id":"us/31-cfr-19.115","jurisdiction":"us","citation":"31 CFR 19.115","heading":"How does an exclusion restrict a person's involvement in covered transactions?","body":"With the exceptions stated in §§ 19.120, 19.315, and 19.420, a person who is excluded by the Department of the Treasury or any other Federal agency may not:\n(a) Be a participant in a(n) Department of the Treasury transaction that is a covered transaction under subpart B of this part;\n(b) Be a participant in a transaction of any other Federal agency that is a covered transaction under that agency's regulation for debarment and suspension; or\n(c) Act as a principal of a person participating in one of those covered transactions.","path":["Title 31—Money and Finance: Treasury","Subtitle A—Office of the Secretary of the Treasury","PART 19—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)","Subpart A—General"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"817ed9184bce7bfa93e0c01c0898ed35cf6b5eeff94f1c75e9a0331e50919d35","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-19.110","next":"us/31-cfr-19.120"},"notice":"GroundRules: Original legal text. Not legal advice."}