85.200—What is a covered transaction?
A covered transaction is a nonprocurement or procurement transaction that is subject to the prohibitions of this part. It may be a transaction at—
(a)
The primary tier, between a Federal agency and a person (see appendix to this part); or
(b)
A lower tier, between a participant in a covered transaction and another person.
Code of Federal Regulations
(Authority: E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O 12689 (3 CFR, 1989 Comp., p. 235);
20 U.S.C. 1082, 1094, 1221e-3 and 3474
; and Sec. 2455, Pub. L. 103-355, 108 Stat. 3243 at 3327)