2 C.F.R. § 180.450 — What action may I take if a lower tier participant fails to disclose the information required under § 180.355 to the next higher tier?
§ 180.355 to the next higher tier? 180.450 Section 180.450 Grants and Agreements Office of Management and Budget Guidance for Grants and Agreements OFFICE OF MANAGEMENT AND BUDGET GOVERNMENTWIDE GUIDANCE FOR GRANTS AND AGREEMENTS Reserved OMB GUIDELINES TO AGENCIES ON GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) Responsibilities of Federal Agency Officials Regarding Transactions § 180.450 What action may I take if a lower tier participant fails to disclose the information required under § 180.355 to the next higher tier? If you as a Federal agency official determine that a lower tier participant failed to disclose information, as required by § 180.355, at the time it entered into a covered transaction with a participant at the next higher tier, you may pursue any remedies available to you, including the initiation of a suspension or debarment action.