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US SB3838
Bill
AI Summary
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Comptroller General must initiate within 30 days an audit of the U.S.-Venezuela energy deal announced January 6, 2026, covering activities of the Departments of State, Energy, Treasury, and related contractors
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Under the energy deal, the U.S. markets and sells Venezuelan oil with proceeds deposited into U.S.-controlled accounts at foreign banks in Qatar, to be disbursed "for the benefit of the American people and the Venezuelan people" at U.S. government discretion
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GAO must brief congressional committee chairs and ranking members within 30 days of audit completion on preliminary findings, scope, and any identified risks of fraud, abuse, or conflicts of interest
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Comptroller General must notify Congress if any federal department, agency, or contractor unreasonably delays or denies access to information during the audit
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Final report due to Congress within 90 days of audit completion, submitted in unclassified form with optional classified annex, including findings and recommendations for legislative or administrative action
Legislative Description
Venezuela Oil Proceeds Transparency Act
Last Action
Read twice and referred to the Committee on Foreign Relations. (text: CR S579)
2/11/2026