Section 1471.115 - How does an exclusion restrict a person's involvement in covered transactions?With the exceptions stated in §§ 1471.120 , 1471.315 , and 1471.420 , a person who is excluded by the Federal Mediation and Conciliation Service or any other Federal agency may not:
(a) Be a participant in a(n) FMCS 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.