Sec. 502. Monitoring plans and post-approval assessments for structured and project finance transactions
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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), 303, 401, and 501 of this Act, is amended by adding at the end the following: The Bank shall develop a specific monitoring plan for each structured or project finance transaction prior to final approval by the Board that addresses the specific risks presented by the structure of the deal (including the financial stability of the sponsor, risks of unproven technology, social and environmental conditions, and interest rate or exchange rate volatility).
The plan shall include, at a minimum— a review of financial statements; a review of engineering reports; a review of environmental assessments; and site visits for engineers and members of the asset management division. The Bank shall— review each structured and project finance transaction referred to in subsection (m), no later than 2 years after funds are first disbursed for the transaction, on a regular and ongoing basis as appropriate, but no later than 1 year after the final disbursement with respect to the transaction; and submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report summarizing all findings and determinations made in each review, subject to protections for business confidential information. .
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Sec. 502
Monitoring plans and post-approval assessments for structured and project finance transactions
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