22 CFR § 1006.415 - What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?
---
identifier: "/us/cfr/t22/s1006.415"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "22 CFR § 1006.415 - What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?"
title_number: 22
title_name: "Foreign Relations"
section_number: "1006.415"
section_name: "What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?"
chapter_name: "INTER-AMERICAN FOUNDATION"
part_number: "1006"
part_name: "GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
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."
cfr_part: "1006"
---
# 1006.415 What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?
(a) You as an agency official may continue covered transactions with an excluded person, or under which an excluded person is a principal, if the transactions were in existence when the person was excluded. You are not required to continue the transactions, however, and you may consider termination. You should make a decision about whether to terminate and the type of termination action, if any, only after a thorough review to ensure that the action is proper.
(b) You may not renew or extend covered transactions (other than no-cost time extensions) with any excluded person, or under which an excluded person is a principal, unless you obtain an exception under § 1006.120.