22 CFR 1508.420 - May I approve a transaction with an excluded or disqualified person at a lower tier?

Regulations last checked for updates: Feb 16, 2025

Title 22 - Foreign Relations last revised: Jan 17, 2025

View all text of Subpart D [§ 1508.400 - § 1508.455]

§ 1508.420 - May I approve a transaction with an excluded or disqualified person at a lower tier?

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

(a) A covered transaction with a person who is currently excluded, unless you obtain an exception under § 1508.120; 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.

authority: Sec. 2455, Pub.L. 103-355, 108 Stat. 3327; E.O. 12549, 3CFR, 1986 Comp., p.89; E.O. 12689, 3CFR, 1989 Comp., p. 235

source: 68 FR 66590, 66592, Nov. 26, 2003, unless otherwise noted.

cite as: 22 CFR 1508.420