With the exceptions stated in §§ 1508.120, 1508.315, and 1508.420, a person who is excluded by the African Development Foundation or any other Federal agency may not:
Be a participant in a(n) ADF transaction that is a covered transaction under subpart B of this part;
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
Act as a principal of a person participating in one of those covered transactions.
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