A participant in a covered transaction must include a term or condition in any lower-tier covered transaction to require the participant of that transaction to—
    
    
        
        (a) 
         Comply with subpart C of the OMB guidance in  2 CFR part 180; and
     
    
        
        (b) 
         Include a similar term or condition in any covered transaction into which it enters at the next lower tier.