---
kind: "section"
citation: "22 C.F.R. § 1508.120"
title: "22"
number: "1508.120"
heading: "May we grant an exception to let an excluded person participate in a covered transaction?"
url: "https://uscodex.org/cfr/22/1508.120"
---

# §1508.120. May we grant an exception to let an excluded person participate in a covered transaction?

- (a) The ADF President may grant an exception permitting an excluded person to participate in a particular covered transaction. If the ADF President grants an exception, the exception must be in writing and state the reason(s) for deviating from the governmentwide policy in Executive Order 12549.
- (b) An exception granted by one agency for an excluded person does not extend to the covered transactions of another agency.

## Notes

### Authority

Authority: Sec. 2455, Pub.L. 103-355, 108 Stat. 3327; E.O. 12549, 3CFR, 1986 Comp., p.89; E.O. 12689, 3CFR, 1989 Comp., p. 235.

### Source

Source: 68 FR 66590, 66592, Nov. 26, 2003, unless otherwise noted.