; and (ii) the purposes of the program, as described in subsection (c); and (B) prevent waste, fraud, abuse, and improper payments. (2) Revocation of funds The Assistant Secretary shall revoke funds awarded to an eligible applicant that is not in compliance with the requirements of this section or the purposes of the program, as described in subsection (c). (3) Audit findings Each finding of waste, fraud, abuse, or an improper payment by the Inspector General in an audit under paragraph (1) shall include the following: (A) The name of the eligible applicant. (B) The amount of funding made available under the program to the eligible applicant. (C) The amount of funding determined to be an improper payment made to an eligible applicant involved in the waste, fraud, abuse, or improper payment. (4) Notification of audit findings Not later than 7 days after the date of a finding described under paragraph (3), the Inspector General shall concurrently notify the Assistant Secretary, the Committee on Commerce, Science, and Transportation of the Senate, and the Committee on Energy and Commerce of the House of Representatives of the information described in that paragraph. (5) Fraud risk management In issuing rules under this subsection, the Assistant Secretary shall— (A) designate an entity within the program office to lead fraud risk management activities; (B) ensure the entity designated under subparagraph (A) has defined responsibilities and the necessary authority to serve its role; (C) conduct risk-based monitoring and evaluation of fraud risk management activities with a focus on outcome measurement; (D) collect and analyze data from reporting mechanisms and instances of detected fraud for real-time monitoring of fraud trends; (E) use the results of the monitoring, evaluations, and investigations to improve fraud prevention, detection, and response; (F) plan regular fraud risk assessments and assess risks to determine a fraud risk profile