1404.115—How does an exclusion restrict a person's involvement in covered transactions?

With the exceptions stated in §§ 1404.120, 1404.315, and 1404.420, a person who is excluded by the Office of National Drug Control Policy or any other Federal agency may not:
(a) Be a participant in a(n) Office of National Drug Control Policy transaction that is a covered transaction under subpart B of this part;
(b) Be a participant in a transaction of any other Federal agency that is a covered transaction under that agency's regulation for debarment and suspension; or
(c) Act as a principal of a person participating in one of those covered transactions.