85.115—How does an exclusion restrict a person's involvement in covered transactions?
With the exceptions stated in §§ 85.120, 85.315, and 85.420, a person who is excluded by the Department of Education or any other Federal agency may not:
(a)
Be a participant in a(n) ED 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