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Code · BILL · 114th Congress · S. 824 (Introduced in Senate) — To reauthorize the Export-Import Bank of the United States, and for other purposes. · Sec. 501

Sec. 501. Enhanced monitoring and due diligence for structured and project finance transactions

84 words·~1 min read·/bill/114/s/824/is/section-501·

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Section 2 of the Export-Import Bank Act of 1945 ( 12 U.S.C. 635 ), as amended by section 401 of this Act, is further amended by adding at the end the following: The Bank shall perform or cause to be performed risk-based due diligence , know your customer , and character, reputational, and transaction integrity assessments (as those terms are defined by the Bank) of persons who benefit directly from Bank financing in structured finance and project finance transactions, to the extent practicable. .
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Sec. 501
Enhanced monitoring and due diligence for structured and project finance transactions
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