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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 635a7 Independent audit of bank portfolio us united_states_code code_section 12 BANKS AND BANKING 6A EXPORT-IMPORT BANK OF THE UNITED STATES 635a7 12 U.S.C. § 635a7 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s635a7 data/legal/raw/us/code/title-12/usc12.xml 4bc404719b3ef267d487dccebee54537660f64c86ee3795f735e3058689ab98e e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 9ae4f7f2f5527d3c22b51a657301111378ce780bbec2c355d8afcf8d0db8b69a 2026-07-04 official
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12 U.S.C. § 635a7 - Independent audit of bank portfolio

Text

(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. 11494, div. E, title LI, § 51007, Dec. 4, 2015, 129 Stat. 1766.)

Notes

Editorial Notes

References in TextSection 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. 11494.

Codification Section was enacted as part of the Fixing Americas 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.