[Code of Federal Regulations] [Title 2, Volume 1] [Revised as of January 1, 2007] From the U.S. Government Printing Office via GPO Access [CITE: 2CFR180.345] [Page 20] TITLE 2--GRANTS AND AGREEMENTS CHAPTER I--OFFICE OF MANAGEMENT AND BUDGET GOVERNMENTWIDE GUIDANCE FOR GRANTS AND AGREEMENTS PART 180_OMB GUIDELINES TO AGENCIES ON GOVERNMENTWIDE DEBARMENT AND SUSPENSION Subpart C_Responsibilities of Participants Regarding Transactions Doing Business With Other Persons Sec. 180.345 What happens if I fail to disclose information required under Sec. 180.335? If a Federal agency later determines that you failed to disclose information under Sec. 180.335 that you knew at the time you entered into the covered transaction, the agency may-- (a) Terminate the transaction for material failure to comply with the terms and conditions of the transaction; or (b) Pursue any other available remedies, including suspension and debarment.