Venezuela Oil Proceeds Transparency Act

This bill would require the Government Accountability Office (GAO), led by the Comptroller General, to begin an audit within 30 days of the United States-Venezuela energy deal announced on January 6, 2026. Under that deal, the U.S. markets and sells Venezuelan oil and deposits the proceeds into U.S.-controlled accounts. The audit would cover the work of the Departments of State, Energy, and the Treasury, and any other federal agencies, employees, or contractors involved. The GAO would have to brief congressional committee leaders on its findings and risks of fraud, alert them if agencies delay or deny access to information, and submit a report with recommendations to Congress within 90 days of finishing the audit.

Full text and official record on Congress.gov

Sponsors

• Sean Casten Democrat sponsor
• 1 cosponsors