[Code of Federal Regulations] [Title 32, Volume 1] [Revised as of July 1, 2006] From the U.S. Government Printing Office via GPO Access [CITE: 32CFR25.115] [Page 110] TITLE 32--NATIONAL DEFENSE CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE PART 25_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table of Contents Subpart A_General Sec. 25.115 How does an exclusion restrict a person's involvement in covered transactions? With the exceptions stated in Sec. Sec. 25.120, 25.315, and 25.420, a person who is excluded by the DOD Component or any other Federal agency may not: (a) Be a participant in a(n) DOD Component transaction that is a covered transaction under subpart B of this part; (b) Be a participant in a transaction of any other Federal agency that is a covered transaction under that agency's regulation for debarment and suspension; or (c) Act as a principal of a person participating in one of those covered transactions.