(a) The Review Committee shall make one of the following determinations in connection with every case referred to it by the Participation Control Officer:
(1) Approve the principal after consideration of the entire record in the light of the standards in Sec. 200.230. All mitigating or extenuating factors will be considered. In each case, the decision shall be within the discretion of the Review Committee and rendered in the best interest of the Government and the public;
(2) Conditionally approve the principal's participation with such conditions or limitations which in the Review Committee's judgment are necessary to make the principal approvable;
(3) Withhold approval of the principal in accordance with Sec. 200.229; or
(4) Disapprove the principal when approval is not justified and withholding approval is not appropriate.
(b) All determinations by the Review Committee shall be made by majority vote of those members present and entitled to vote.