spector General, and any other matters relating 
thereto; and 
(2) the Office of Government Ethics shall sub-
mit to the Committee on Financial Services of the 
House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate 
an ethics program review report that— 
(A) evaluates compliance by the Export- 
Import Bank of the United States with ethics 
requirements as set forth in relevant laws, regu-
lations, and policies; and 
(B) evaluates the systems, processes, and 
procedures of the Bank for administering the 
ethics program. 
SEC. 303. EMPLOYEE FINANCIAL DISCLOSURES. 
Section 8 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635g), as amended by sections 203, 204(b), 
and 207(b) of this Act, is amended by adding at the end 
the following: 
‘‘(n) EMPLOYEE
FINANCIAL
DISCLOSURES.—The 
Bank shall include in its annual report to the Congress 
under subsection (a), the total number of Bank employees 
who are required to file a financial disclosure statement 
pursuant to the Ethics in Government Act of 1978, a clear 
and concise summary of the financial disclosure require-
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ments that apply to Bank employees, and a summary of 
the rights of the public to access financial disclosures 
made by Bank employees.’’. 
SEC. 304. SUPPLEMENTAL ETHICS REGULATIONS. 
Within 1 year after the date of the enactment of this 
Act, the Export-Import Bank of the United States shall 
conduct a risk assessment of the vulnerability of its pro-
grams to employee misconduct based upon a historical re-
view of adverse employment actions taken by the Bank 
and, if appropriate, shall issue updated supplemental 
standards of ethical conduct for employees of the Bank 
pursuant to the Ethics in Government Act of 1978. 
SEC. 305. ANNUAL EMPLOYEE CERTIFICATIONS. 
Section 3 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635a), as amended by section 301 of this Act, 
is amended by adding at the end the following: 
‘‘(l) ANNUAL
EMPLOYEE
CERTIFICATIONS.—The 
President of the Export-Import Bank of the United States 
shall implement a policy that requires all directors, offi-
cers, and employees of the Bank to certify annually that 
they have read, understand, and complied with, and will 
continue to comply with, the Standards of Ethical Conduct 
for Employees of the Executive Branch. The annual cer-
tifications shall contain a statement which notifies the sig-
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natory that section 1001 of title 18, United States Code, 
applies to the certification.’’. 
TITLE IV—ENHANCING EXTER-
NAL AUDITS AND REVIEWS 
SEC. 401. ENHANCED AUDIT CONTROLS. 
Section 2 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635), as amended by sections 203, 204(b), and 
303 of this Act, is amended by adding at the end the fol-
lowing: 
‘‘(k) CORPORATE GOVERNANCE AND INTERNAL CON-
TROLS.—For all transactions subject to Board approval, 
the Bank shall— 
‘‘(1) ensure complete and accurate records are 
maintained to provide an audit trail on all Bank 
transactions from application through close-out, in-
cluding eligibility and due diligence; and 
‘‘(2) establish a quality control review program 
to ensure compliance with Bank policies and the ac-
curacy of records for all transaction types.’’. 
SEC. 402. INDEPENDENT EVALUATION OF BANK PORT-
FOLIO. 
(a) AUDIT.—The Inspector General of the Export- 
Import Bank of the United States shall conduct an audit 
or evaluation of the portfolio risk management procedures 
of the Bank, including a review of the implementation by 
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the Bank of the duties assigned to the Chief Risk Officer 
under the Export-Import Bank Act of 1945. 
(b) REPORT.—Not later than 18 months after the 
date the Board of Directors of the Bank approves the ap-
pointment of the Chief Risk Officer, the Inspector General 
shall 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 
written report containing all findings and determinations 
made in carrying out subsection (a). 
SEC. 403. EXTERNAL REVIEW OF FRAUD CONTROLS. 
Section 17(b) of the Export-Import Bank Reauthor-
ization Act of 2012 (12 U.S.C. 635a–6(b)) is amended 
to read as follows: 
‘‘(b) REVIEW OF FRAUD CONTROLS.—Not less fre-
quently than every 4 years, the Comptroller General of 
the United States shall— 
‘‘(1) review the adequacy of the design and ef-
fectiveness of the controls used by the Export-Im-
port 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 
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‘‘(2) submit to the Committees on Financial 
Services and Appropriations of the House of Rep-
resentatives and the Committees on Banking, Hous-
ing, and Urban Affairs and Appropriations of the 
Senate a written report regarding the findings of the 
review and providing such recommendations with re-
spect to the controls as the Comptroller General 
deems appropriate.’’. 
TITLE 
V—STRENGTHENING 
PROJECT MONITORING AND 
DUE DILIGENCE 
SEC. 501. ENHANCED MONITORING AND DUE DILIGENCE 
FOR STRUCTURED AND PROJECT FINANCE 
TRANSACTIONS. 
Section 2 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635), as amended by sections 203, 204(b), 
303, and 401 of this Act, is amended by adding at the 
end the following: 
‘‘(l) 
CUSTOMER
AND
REPUTATIONAL
ASSESS-
MENTS.—The Bank shall perform or cause to be per-
formed ‘risk-based Due Diligence’, ‘Know Your Cus-
tomer’, and ‘Character Reputational Transaction Integ-
rity’ assessments of participants who benefit directly from 
Bank financing in structured finance and project finance 
transactions, to the extent practicable.’’. 
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SEC. 502. MONITORING PLANS AND POST-APPROVAL AS-
SESSMENTS FOR STRUCTURED AND PROJECT 
FINANCE TRANSACTIONS. 
Section 2 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635), as amended by sections 203, 204(b), 
303, 401, and 501 of this Act, is amended by adding at 
the end the following: 
‘‘(m) INDIVIDUALIZED PLANS.—The Bank shall de-
velop a specific monitoring plan for each structured 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, risks of unproven technology, social and envi-
ronmental conditions, and interest rate or exchange rate 
volatility). The plan shall include, at a minimum— 
‘‘(1) a review of financial statements; 
‘‘(2) a review of engineering reports; 
‘‘(3) a review of environmental assessments; 
and 
‘‘(4) site visits for engineers and members of 
the asset management division. 
‘‘(n) POST-APPROVAL REVIEW.—The Bank shall— 
‘‘(1) review each structured and project finance 
transaction referred to in subsection (m), no later 
than 2 years after funds are first disbursed for the 
transaction, on a regular and ongoing basis as ap-
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propriate, but no later than 1 year after the final 
disbursement with respect to the transaction; and 
‘‘(2) 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, subject to pro-
tections for business confidential information.’’. 
SEC. 503. RESERVING THE RIGHT OF INSPECTION. 
Section 2 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635), as amended by sections 203, 204(b), 
303, 401, 501, and 502 of this Act, is amended by adding 
at the end the following: 
‘‘(o) MONITORING
OF TRANSACTIONS THAT ARE 
SUBJECT TO BOARD APPROVAL.— 
‘‘(1) RIGHT OF INSPECTION.—The Bank, or its 
agent, shall reserve the right of inspection in any 
credit agreement for a transaction subject to the ap-
proval of the Board of Directors sufficient to vali-
date that disbursements comply with the law and the 
policies and procedures of the Bank. The right of in-
spection shall include a right to examine the books 
and records of the obligor regarding the transaction. 
‘‘(2) STAFFING.—The Bank shall ensure that 
sufficient staff are allocated to monitor and validate 
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compliance by obligors with respect to transactions 
subject to the approval of the Board of Directors.’’. 
TITLE VI—MODERNIZATION OF 
BANK SYSTEMS 
SEC. 601. ELECTRONIC PAYMENTS AND DOCUMENTS. 
Section 2(b)(1)(E) of the Export-Import Bank Act 
of 1945 (12 U.S.C. 635(b)(1)(E)) is amended by adding 
at the end the following: 
‘‘(xi) ELECTRONIC DOCUMENTS.—Not later than 30 
months after the date of the enactment of this clause, the 
Bank shall implement policies to accept electronic docu-
ments whenever possible, including copies of bills of lad-
ing, certifications, and compliance documents, in such a 
manner as will not undermine any potential civil or crimi-
nal enforcement related to the transaction. 
‘‘(xii) ELECTRONIC PAYMENTS.—Not later than 30 
months after the date of the enactment of this clause, the 
Bank shall implement policies to accept electronic pay-
ments in all of its programs.’’. 
SEC. 602. REAUTHORIZATION OF INFORMATION TECH-
NOLOGY UPDATING. 
Section 3(j) of the Export-Import Act of 1945 (12 
U.S.C. 635a(j)) is amended— 
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(1) in the subsection heading, by striking 
‘‘BANK SURPLUS’’ and inserting ‘‘ADMINISTRATIVE 
FUNDS’’; 
(2) in paragraph (1), by striking ‘‘Subject to 
paragraphs (3) and (4), the Bank may use an 
amount equal to 1.25 percent of the surplus of the 
Bank during fiscal years 2012, 2013, and 2014 to’’ 
and inserting ‘‘Subject to paragraphs (2) and (3), 
the Bank may use amounts, made available to the 
Bank for administrative expenses, including fees for 
systems infrastructure, to’’; 
(3) by striking paragraph (2) and redesignating 
paragraphs (3) and (4) as paragraphs (2) and (3), 
respectively; and 
(4) in paragraph (2) (as so redesignated), by 
striking ‘‘for fiscal years 2012, 2013, and 2014 shall 
not exceed $20,000,000’’ and inserting ‘‘from the 
date of enactment of this Act through the date spec-
ified in Section 7 shall not exceed $45,000,000’’. 
SEC. 603. INFORMATION TECHNOLOGY MODERNIZATION. 
Section 3 of the Export-Import Bank Act of 1945 
(12 U.S.C. 635a), as amended by sections 301 and 305 
of this Act, is amended by adding at the end the following: 
‘‘(m) The Bank shall conduct an analysis and assess-
ment of its information technology infrastructure, its use 
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of information technology, and develop a clear and com-
prehensive information technology strategic plan which— 
‘‘(1) meets the requirements of the Office of 
Management and Budget; 
‘‘(2) takes into account best practices related to 
the security and privacy of the information tech-
nology infrastructure and networks of the Bank; 
‘‘(3) promotes technological innovation in order 
to enhance the efficiency and caliber of services pro-
vided to users of the Bank, particularly small busi-
ness users and their customers; and 
‘‘(4) includes a detailed assessment of the cost 
associated with implementing the plan, including 
whether additional administrative budget is nec-
essary to effectively implement the plan, and, if so, 
a detailed justification summarizing how the addi-
tional funds will be spent. 
‘‘(n) The Bank shall develop formal data manage-
ment policy and procedures that— 
‘‘(1) ensure complete and accurate participant 
data is captured in the database of the Bank in a 
readily accessible medium; and 
‘‘(2) define which information is required for 
reporting purposes.’’. 
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