---
kind: "section"
citation: "31 C.F.R. § 19.420"
title: "31"
number: "19.420"
heading: "May I approve a transaction with an excluded or disqualified person at a lower tier?"
url: "https://uscodex.org/cfr/31/19.420"
---

# §19.420. May I approve a transaction with an excluded or disqualified person at a lower tier?


If a transaction at a lower tier is subject to your approval, you as an agency official may not approve—

- (a) A covered transaction with a person who is currently excluded, unless you obtain an exception under [§ 19.120](/cfr/31/19.120.md); or
- (b) A transaction with a person who is disqualified from that transaction, unless you obtain a waiver or exception under the statute, Executive order, or regulation that is the basis for the person's disqualification.

## Notes

### Authority

Authority: Sec. 2455, Pub. L. 103-355, 108 Stat. 3327 (31 U.S.C. 6101 note); E.O. 11738 (3 CFR, 1973 Comp., p. 799); E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O. 12689 (3 CFR, 1989 Comp., p. 235).

### Source

Source: 68 FR 66544, 66605, 66607, Nov. 26, 2003, unless otherwise noted.