Charles Schumer (D-NY)
Venezuela Oil Proceeds Transparency Act
A bill 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.
A Democratic bill with 1 Democratic cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Foreign Relations. (text: CR S579)
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Venezuela Oil Proceeds Transparency Act requires the Comptroller General to conduct an audit of a specific energy deal between the United States and Venezuela. This deal involves the United States marketing and selling Venezuelan oil, with proceeds being deposited into U.S.-controlled accounts. The audit will cover the activities of various federal agencies, employees, and contractors involved in the deal. Following the audit, the Comptroller General must provide an interim briefing to congressional leaders regarding preliminary findings and potential risks. Finally, a full report including conclusions and recommendations must be submitted to Congress.
Yes
- Scored +2
Does this make what the government does easier for the public to see?
The bill enhances transparency by mandating a GAO audit and public reporting on the Venezuela energy deal.
- Scored +1
Does this make the government pay for what it commits to?
The audit promotes fiscal responsibility by seeking to identify fraud, abuse, or conflicts of interest in the energy deal.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency and Oversight: The bill requires the Comptroller General to initiate an audit of the United States-Venezuela energy deal (Section 3(a)). This could benefit the public by providing a detailed description of findings and conclusions regarding how the deal is being implemented (Section 3(d)(1)(A)(i)).
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Identification of Risks: The audit process includes identifying risks of fraud, abuse, or conflicts of interest (Section 3(b)). This could protect the interests of the American people by uncovering potential wrongdoing in the management of the energy deal.
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Accountability for Government Actions: By requiring the Comptroller General to provide recommendations for legislative or administrative action, the bill creates a mechanism to address issues found during the audit (Section 3(d)(1)(A)(ii)).
Potential Negative Impacts for People
- No specific negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill enhances transparency by mandating a GAO audit and public reporting on the Venezuela energy deal.
- Economy And Finance
- Does this make the government pay for what it commits to? — The audit promotes fiscal responsibility by seeking to identify fraud, abuse, or conflicts of interest in the energy deal.
- 2/11/2026
- Read twice and referred to the Committee on Foreign Relations. (text: CR S579)
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Adam SchiffDemocrat · California