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Code · BILL · 114th Congress · H.R. 1031 (Introduced in House) — To reauthorize the Export-Import Bank of the United States, and for other purposes. · Sec. 401

Sec. 401. Enhanced audit controls

92 words·~1 min read·/bill/114/hr/1031/ih/section-401

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Section 2 of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635 ), as amended by sections 203, 204(b), and 303 of this Act, is amended by adding at the end the following: For all transactions subject to Board approval, the Bank shall— ensure complete and accurate records are maintained to provide an audit trail on all Bank transactions from application through close-out, including eligibility and due diligence; and establish a quality control review program to ensure compliance with Bank policies and the accuracy of records for all transaction types. .
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Enhanced audit controls
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