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 401 and 501 of this Act, is further amended by adding at the end the following: The Bank shall develop a specific monitoring plan for each structured finance 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 of the project, risks of unproven technology, social and environmental conditions, and interest rate or exchange rate volatility. A plan required by paragraph
(1)with respect to a transaction 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 of the Bank. The Bank shall— review each structured finance and project finance transaction referred to in subsection
(m)not later than 2 years after funds are first disbursed for the transaction, on a regular and ongoing basis as appropriate thereafter, and not later than 1 year after the final disbursement of funds 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 conducted under paragraph (1), 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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