Venezuela Oil Proceeds Transparency Act

Summary

Requires the Government Accountability Office (GAO) to audit the U.S.–Venezuela energy deal announced January 6, 2026, covering actions by the Departments of State, Energy, Treasury, and any other involved federal agencies, employees, contractors, or U.S.-funded entities. The audit must start within 30 days of enactment, and GAO must brief congressional committee leaders on preliminary findings and risks, then deliver an unclassified report (with a possible classified annex) and recommendations within 90 days after audit completion.

• Mandates a GAO audit of the U.S.–Venezuela energy deal announced January 6, 2026.
• Audit must begin within 30 days of enactment and review State, Energy, Treasury, and other involved entities.
• GAO must brief congressional committee leaders within 30 days after audit completion on preliminary findings and risks.
• GAO must notify Congress promptly if access to information is delayed or denied.
• An unclassified GAO report with findings, conclusions, and recommendations is due within 90 days after audit completion; a classified annex may be added.
• Legislation includes congressional findings about the deal, including use of U.S.-controlled foreign accounts and selective sanctions actions.
• No new spending, tax changes, or direct program authorizations are created by the text; it imposes a federal audit/oversight requirement.