Sec. 51003. Review of fraud controls

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Section 17(b) of the Export-Import Bank Reauthorization Act of 2012 ( 12 U.S.C. 635a–6(b) ) is amended to read as follows: Not later than 4 years after the date of the enactment of the Export-Import Bank Reform and Reauthorization Act of 2015 , and every 4 years thereafter, the Comptroller General of the United States shall— review the adequacy of the design and effectiveness of the controls used by the Export-Import Bank of the United States to prevent, detect, and investigate fraudulent applications for loans and guarantees and the compliance by the Bank with the controls, including by auditing a sample of Bank transactions; and submit a written report regarding the findings of the review and providing such recommendations with respect to the controls described in paragraph

(1)as the Comptroller General deems appropriate to— the Committee on Banking, Housing, and Urban Affairs and the Committee on Appropriations of the Senate; and the Committee on Financial Services and the Committee on Appropriations of the House of Representatives. .

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12 USC 635a–6(b)

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Sec. 51003

Review of fraud controls

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