CFR > Title 21 - Food and Drugs > CHAPTER III—OFFICE OF NATIONAL DRUG CONTROL POLICY > PART 1404—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) > SUBPART D—Responsibilities of Office of National Drug Control Policy Officials Regarding Transactions (§1404.400 to §1404.455) > 1404.415—What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?

1404.415—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 § 1404.120.