Title 12 — Banks and BankingRelease 119-73
§635a–7 Independent audit of bank portfolio
Title 12 › Chapter CHAPTER 6A— - EXPORT-IMPORT BANK OF THE UNITED STATES › Subchapter SUBCHAPTER I— - GENERAL PROVISIONS › § 635a–7
Summary
Export-Import Bank Inspector General must audit the Bank’s risk management and review Chief Risk Officer duties under 635a(l), as amended by 51005, and submit a written report by December 4, 2016 and every 3 years to the Senate Banking Committee and House Financial Services Committee.
Full Legal Text
Title 12, §635a–7
Banks and Banking — Source: USLM XML via OLRC
(a)The Inspector General of the Export-Import Bank of the United States shall conduct an audit or evaluation of the portfolio risk management procedures of the Bank, including a review of the implementation by the Bank of the duties assigned to the Chief Risk Officer under section 635a(l) of this title, as amended by section 51005.
(b)Not later than 1 year after December 4, 2015, and not less frequently than every 3 years thereafter, the Inspector General shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a written report containing all findings and determinations made in carrying out subsection (a).
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 635a(l) of this title, as amended by section 51005, referred to in subsec. (a), is section 635a(l) of this title, as amended by section 51005 of Pub. L. 114–94. Codification Section was enacted as part of the Fixing America’s Surface Transportation Act, also known as the FAST Act, and not as part of the Export-Import Bank Act of 1945 which comprises this subchapter.
Reference
Citations & Metadata
Citation
12 U.S.C. § 635a–7
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73