A covered transaction is a nonprocurement or procurement transaction that is subject to the prohibitions of this part. It may be a transaction at—
(a) The primary tier, between a Federal agency and a person (see appendix to this part); or
(b) A lower tier, between a participant in a covered transaction and another person.
source: 68 FR 66544, 66603, 66604, Nov. 26, 2003, unless otherwise noted.
cite as: 29 CFR 1471.200