CFR /  Title 2  /  Part 180  /  Sec. 180.130 How does an exclusion restrict a person's involvement

With the exceptions stated in Secs. 180.135, 315, and 420, a person who is excluded by any Federal agency may not:

(a) Be a participant in a Federal agency transaction that is a covered transaction; or

(b) Act as a principal of a person participating in one of those covered transactions.