[Code of Federal Regulations]
[Title 21, Volume 9]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 21CFR1404.415]

[Page 243]
 
                         TITLE 21-FOOD AND DRUGS
 
           CHAPTER III--OFFICE OF NATIONAL DRUG CONTROL POLICY
 
PART 1404_GOVERNMENTWIDE DEBARMENT AND SUSPENSION 
(NONPROCUREMENT)--Table of Contents
 
  Subpart D_Responsibilities of Office of National Drug Control Policy 
                    Officials Regarding Transactions
 
Sec. 1404.415  What must I do if a Federal agency excludes the
participant or a principal after I enter into a covered transaction?

    (a) You as an agency official may continue covered transactions with 
an excluded person, or under which an excluded person is a principal, if 
the transactions were in existence when the person was excluded. You are 
not required to continue the transactions, however, and you may consider 
termination. You should make a decision about whether to terminate and 
the type of termination action, if any, only after a thorough review to 
ensure that the action is proper.
    (b) You may not renew or extend covered transactions (other than no-
cost time extensions) with any excluded person, or under which an 
excluded person is a principal, unless you obtain an exception under 
Sec. 1404.120.