§ 19.200. What is a covered transaction?
55 words·~1 min read·
/us/cfr/t31/s§ 19.200·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A covered transaction is a nonprocurement or procurement transaction that is subject to the prohibitions of this part. It may be a transaction at---
(a)The primary tier, between a Federal agency and a person (see appendix to this part); or
(b)A lower tier, between a participant in a covered transaction and another person.