PRIA, Government Policy, Made Personal

Summary

The Inspector General of the Export‑Import Bank must audit or evaluate how the bank manages portfolio risk. The review must look at how the bank is carrying out the Chief Risk Officer’s duties under section 635a(l), as changed by section 51005. A written report of the findings must be sent to the Senate Committee on Banking, Housing, and Urban Affairs and to the House Committee on Financial Services no later than 1 year after December 4, 2015, and at least every 3 years after that.

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).

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.

§635a–7 Independent Audit of Bank Portfolio

Summary

Title 12, §635a–7

Notes & Related Subsidiaries

Editorial Notes

References in Text

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