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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 38 - Pensions, Bonuses, and Veterans' Relief |
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Chapter I - Department of Veterans Affairs |
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Part 44 - GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) |
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Subpart D - Responsibilities of Department of Veterans Affairs Officials Regarding Transactions |
§ 44.415 - What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?
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(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 § 44.120.