§1846 Powers and duties

Summary

The Board can look at and copy any records or papers of a business that got financial help under this law. It does this to check if the business can repay its loan, to protect the United States’ interest in the business’s property, and to make sure the United States is reasonably protected. The Board can block any deal that sells or moves the business’s assets if that deal could hurt loan repayment. The Government Accountability Office must do a detailed audit of the accounts and transactions of any borrower applying for a loan guarantee and must send the audit results to the Board and to Congress.