“To require the Comptroller General of the United States to conduct an audit of a United States and Venezuela energy deal, and for other purposes.”
No CRS summary available for this bill.
This section sets forth congressional findings regarding a United States-Venezuela energy deal announced by President Trump on January 6, 2026, including (1) U.S. marketing and sale of Venezuelan oil with proceeds deposited into U.S.-controlled accounts; (2) details from a Department of Energy fact sheet issued January 7, 2026, on federal engagement of commodity marketers and banks, settlement of all proceeds in U.S.-controlled foreign bank accounts, and indefinite disbursement of funds for the benefit of the American and Venezuelan people at U.S. government discretion; (3) selective rollback of sanctions to enable transport and sale of Venezuelan crude and oil products, with new licenses issued by the Treasury's Office of Foreign Assets Control; and (4) Secretary of State Marco Rubio's January 28, 2026, testimony to the Senate Foreign Relations Committee on plans for an audit process of expenditures from a Qatar account, which had not been finalized.
This section directs the Comptroller General of the United States to initiate, not later than 30 days after enactment, an audit of the United States-Venezuela energy deal announced on January 6, 2026, including activities of the Departments of State, Energy, and Treasury, and any other involved federal agencies, employees, contractors, or entities. It requires (1) an interim briefing for the chair and ranking member of each committee and subcommittee of jurisdiction in the House and Senate on preliminary findings, scope, and risks of fraud, abuse, or conflicts of interest, not later than 30 days after audit completion; (2) notice to those leaders as soon as practicable of any unreasonable delay or denial of information access; and (3) a report to Congress containing findings, conclusions, and recommendations for legislative or administrative action, not later than 90 days after audit completion, submitted in unclassified form (with a possible classified annex) and made available to specified House and Senate leaders and any requesting Member of Congress.