This bill directs the Government Accountability Office (GAO) to conduct an independent audit of a U.S.-Venezuela energy deal announced in January 2026, under which the United States markets and sells Venezuelan oil with proceeds deposited into U.S.-controlled accounts. The audit will examine the activities of the State Department, Energy Department, Treasury Department, and any other federal agencies, contractors, or entities involved in implementing the deal, with a focus on identifying any risks of fraud, abuse, or conflicts of interest. The GAO must initiate the audit within 30 days of the bill's enactment, provide Congress with preliminary findings within 30 days of completing the audit, and submit a full report to Congress within 90 days of completing the audit, along with recommendations for legislative or administrative action. The bill also requires the GAO to notify Congress if any federal department or agency unreasonably delays or denies access to information needed for the audit. This legislation stems from concerns raised during Senate testimony that a formal audit process for the deal had not been finalized.
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