Bill > S3838

This bill, titled the "Venezuela Oil Proceeds Transparency Act," mandates that the Comptroller General of the United States, also known as the GAO (Government Accountability Office), conduct a comprehensive audit of a United States-Venezuela energy deal announced on January 6, 2026. This deal involves the U.S. marketing and selling Venezuelan oil, with proceeds deposited into U.S.-controlled accounts, and includes selective rollback of sanctions to facilitate these sales. The audit will examine the implementation of this deal by various federal agencies, including the Department of State, Department of Energy, and Department of the Treasury, as well as any contractors or entities funded by the U.S. involved. The Comptroller General must provide an interim briefing on preliminary findings and any identified risks of fraud or conflicts of interest within 30 days of completing the audit, and notify Congress promptly if access to information is denied. Finally, within 90 days of completing the audit, the Comptroller General will submit a detailed report to Congress, including conclusions and recommendations, and make it publicly available in an unclassified form, potentially with a classified annex.