Venezuela Oil Proceeds Transparency Act

This legislation, known as the Venezuela Oil Proceeds Transparency Act, requires the Comptroller General of the United States to conduct a comprehensive audit of a significant **United States-Venezuela energy deal** announced in January 2026. This deal involves the United States marketing and selling Venezuelan oil, with proceeds deposited into **U.S.-controlled accounts** for eventual disbursement to benefit both American and Venezuelan people. The audit, to be initiated within 30 days of the bill's enactment, will scrutinize the activities of the Departments of State, Energy, and the Treasury, along with any other federal entities or contractors involved in implementing the agreement. Congress has expressed concerns regarding the lack of a finalized audit process for these funds, which are managed in accounts established under the deal. Upon completion of the audit, the Comptroller General must provide an **interim briefing** to relevant congressional committees, outlining preliminary findings and any identified risks such as fraud or conflicts of interest. A comprehensive **final report** will then be submitted to Congress within 90 days, detailing the audit's conclusions and offering recommendations for legislative or administrative actions. This report will be made publicly available in an unclassified form, ensuring transparency regarding the energy deal's financial mechanisms and implementation.