19.310—What must I do if a Federal agency excludes a person with whom I am already doing business in a covered transaction?
(a)
You as a participant may continue covered
transactions with an excluded person if the
transactions were in existence when the agency
excluded the person. However, you are not required
to continue the transactions, 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 and
appropriate.
(b)
You may not renew or extend covered
transactions (other than no-cost time extensions)
with any excluded person, unless the Department of
the Treasury grants an exception under §
19.120.