Sec. 17. PERIODIC AUDITS OF BANK TRANSACTIONS
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## SEC. 17 PERIODIC AUDITS OF BANK TRANSACTIONS **[**[12 U.S.C. 635a-6](/us/usc/t12/s635a-6)**]** ###
(a)In General Within 2 years after the date of the enactment of this Act, and periodically (but not less frequently than every 4 years) thereafter, the Comptroller General of the United States shall conduct an audit of the loan and guarantee transactions of the Export-Import Bank of the United States to determine the compliance of the Bank with the underwriting guidelines, lending policies, due diligence procedures, and content guidelines of the Bank. ###
(b)Review of Fraud Controls 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— ####
(1)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 ####
(2)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— #####
(A)the Committee on Banking, Housing, and Urban Affairs and the Committee on Appropriations of the Senate; and #####
(B)the Committee on Financial Services and the Committee on Appropriations of the House of Representatives.
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Sec. 17
PERIODIC AUDITS OF BANK TRANSACTIONS
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