22 CFR 1006.450 - What action may I take if a primary tier participant fails to disclose the information required under § 1006.335?

Regulations last checked for updates: Feb 16, 2025

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

View all text of Subpart D [§ 1006.400 - § 1006.455]

§ 1006.450 - What action may I take if a primary tier participant fails to disclose the information required under § 1006.335?

If you as an agency official determine that a participant failed to disclose information, as required by § 1006.335, at the time it entered into a covered transaction with you, you may—

(a) Terminate the transaction for material failure to comply with the terms and conditions of the transaction; or

(b) Pursue any other available remedies, including suspension and debarment.

authority: Sec. 2455, Pub. L. 103-355, 108 Stat. 3327 (31 U.S.C. 6101 note); E.O. 12549, 3 CFR, 1986 Comp., p. 189; E.O. 12689, 3 CFR, 1989 Comp., p. 235

cite as: 22 CFR 1006.450