ANTI-FRAUD REFORMS.

SEC. 406. ANTI-FRAUD REFORMS. Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 635) is amended— (1) in subsection (f), by striking the period and inserting: “, and shall deny an application for assistance if the end user, borrower, lender, or exporter has been convicted of an act of fraud or corruption in connection with an application for support from the Bank made in the preceding 5 years. The Bank may proceed with an application described in this subsection only if an end user, borrower, lender, or exporter can be fully excluded from the transaction.”; and (2) in subsection (i), by striking “should require” and inserting “shall require”.