[Code of Federal Regulations] [Title 29, Volume 4] [Revised as of July 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 29CFR1471.405] [Page 126] TITLE 29--LABOR AND CONCILIATION SERVICE PART 1471_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) --Table of Contents Subpart D_Responsibilities of FMCS Officials Regarding Transactions Sec. 1471.405 May I enter into a covered transaction with a participant if a principal of the transaction is excluded? As an agency official, you may not enter into a covered transaction with a participant if you know that a principal of the transaction is excluded, unless you obtain an exception under Sec. 1471.120.