[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: 32CFR25.400] [Page 114] TITLE 32--NATIONAL DEFENSE CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE PART 25_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table of Contents Subpart D_Responsibilities of DOD Component Officials Regarding Transactions Sec. 25.400 May I enter into a transaction with an excluded or disqualified person? (a) You as an agency official may not enter into a covered transaction with an excluded person unless you obtain an exception under Sec. 25.120. (b) You may not enter into any 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.