12 U.S.C. § 635a-7 — Independent audit of bank portfolio

(a) Audit 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) Report 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). ( Pub. L. 114–94, div. E, title LI, § 51007 , Dec. 4, 2015 , 129 Stat. 1766 .) 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.

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