(a) International Emergency Economic Powers Act. The prohibitions contained in this part do not apply to any transactions that are exempt pursuant to section 203(b) of the International Emergency Economic Powers Act (50 U.S.C. 1702(b)).

(b) Official business. The prohibitions contained in § 526.201(a) do not apply to transactions for the conduct of the official business of the United States Government by employees, grantees, or contractors thereof.