---
kind: "section"
citation: "22 C.F.R. § 1508.200"
title: "22"
number: "1508.200"
heading: "What is a covered transaction?"
url: "https://uscodex.org/cfr/22/1508.200"
---

# §1508.200. 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.**

## 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.