Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 31 - Money and Finance: Treasury |
Subtitle A - Office of the Secretary of the Treasury |
Part 19 - Governmentwide Debarment and Suspension (Nonprocurement) |
Subpart C - Responsibilities of Participants Regarding Transactions |
Doing Business With Other Persons |
§ 19.330 - What requirements must I pass down to persons at lower tiers with whom I intend to do business?
Latest version.
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§ 19.330 What requirements must I pass down to persons at lower tiers with whom I intend to do business?
Before entering into a covered transaction with a participant at the next lower tier, you must require that participant to -
(a) Comply with this subpart as a condition of participation in the transaction. You may do so using any method(s), unless § 19.440 requires you to use specific methods.
(b) Pass the requirement to comply with this subpart to each person with whom the participant enters into a covered transaction at the next lower tier.