The Venezuela Oil Proceeds Transparency Act requires the Government Accountability Office (GAO) to audit a U.S.-Venezuela energy deal announced in January 2026, in which the United States will market and sell Venezuelan oil with proceeds deposited into U.S.-controlled accounts. The audit will examine activities across the State Department, Energy Department, Treasury Department, and any other federal agencies involved in implementing the deal, with particular attention to potential fraud, abuse, and conflicts of interest. The GAO must begin 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 final unclassified report with detailed findings and recommendations within 90 days. The bill also requires the GAO to notify Congress immediately if any federal department or agency unreasonably delays or denies access to information needed for the audit.
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