Sec. 51006. RISK MANAGEMENT COMMITTEE
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## SEC. 51006 RISK MANAGEMENT COMMITTEE ###
(a)In general Section 3 of the Export-Import Bank Act of 1945 (12 U.S.C. 635a), as amended by sections 91004 and 91005, is further amended by adding at the end the following: > > ### “(m) Risk Management Committee > > > #### “(1) Establishment > > There is established a management committee to be known as the ‘Risk Management Committee’. > > > #### “(2) Membership > > The membership of the Risk Management Committee shall be the members of the Board of Directors, with the President and First Vice President of the Bank serving as ex officio members. > > > #### “(3) Duties > > The duties of the Risk Management Committee shall be— > > > ##### “(A) > > to oversee, in conjunction with the Office of the Chief Financial Officer of the Bank— > > > ###### “(i) > > periodic stress testing on the entire Bank portfolio, reflecting different market, industry, and macroeconomic scenarios, and consistent with common practices of commercial and multilateral development banks; and > > > ###### “(ii) > > the monitoring of industry, geographic, and obligor exposure levels; and > > > ##### “(B) > > to review all required reports on the default rate of the Bank before submission to Congress under section 8(g).” > . ###
(b)Termination of Audit Committee **[**[12 U.S.C. 635a note](/us/usc/t12/s635a)**]** Not later than 180 days after the date of the enactment of this Act, the Board of Directors of the Export-Import Bank of the United States shall revise the bylaws of the Bank to terminate the Audit Committee established by section 7 of the bylaws.
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Sec. 51006
RISK MANAGEMENT COMMITTEE
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