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Here's the actual regulation that Sessions says forced him to drop out of the Russia probe

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Sessions said his rationale for cutting himself out of the Russia investigation was a Justice Department regulation.
Attorney General Jefferson Sessions on Tuesday explained before the Senate Intelligence Committee his rationale removing himself from the federal investigation into Russian interference in the 2016 election.
He announced his recusal due to a standing Department of Justice regulation, citing Title 28, Chapter I, Section 45.2 of the Code of Federal Regulation, titled “Disqualification arising from personal or political relationship.”
“That regulation states, in effect, that Department employees should not participate in investigations of a campaign if they have served as a campaign advisor, ” Session said.
Sessions called it “absurd” to suggest that his recusal from the F. B. I.’s investigation would render him unable to manage the Department of Justice.
The full text of Section 45.2 reads:

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