19.995—Principal.
        
            Principal means—
    
    
        
        (a) 
         An officer, director, owner, partner,
 principal investigator, or other person within a
 participant with management or supervisory
 responsibilities related to a covered transaction;
 or
    
    
        
        (b) 
         A consultant or other person, whether or
 not employed by the participant or paid with
 Federal funds, who—
    
    
    
    
        
        (3) 
         Occupies a technical or professional
 position capable of substantially influencing the
 development or outcome of an activity required to
 perform the covered transaction.