Venezuela Oil Proceeds Transparency Act

Summary

Requires the Government Accountability Office (Comptroller General) to audit the U.S.–Venezuela energy deal announced January 6, 2026, covering the Department of State, Department of Energy, Department of the Treasury, and any other federal agencies, employees, contractors, or U.S.-funded entities involved. The Comptroller General must begin the audit within 30 days of enactment, provide an interim briefing to congressional committee leaders shortly after audit completion, and deliver an unclassified report (with an optional classified annex) to Congress within 90 days after the audit is finished.

• Mandates a GAO audit of the January 6, 2026 U.S.–Venezuela energy deal covering State, Energy, Treasury, and other involved entities.
• Audit must begin within 30 days of enactment and completed through the GAO's normal processes.
• Comptroller General must brief relevant House and Senate committee leaders within 30 days after audit completion on preliminary findings and identified risks.
• An unclassified report (with an optional classified annex) is required to be submitted to Congress within 90 days after audit completion and made available to Members who request it.
• The law includes congressional findings noting that proceeds from the deal will be held in U.S.-controlled accounts at foreign banks and that OFAC licensing and selective sanctions rollbacks are part of the deal framework.
• Requires notification to congressional leaders if the GAO's access to information is unreasonably delayed or denied.
• Does not itself appropriate funds or create new programs; it establishes an oversight and reporting requirement.
• Report must include findings, conclusions, and legislative or administrative recommendations.