Bill · H.R. 7819· House(119-HR-7819)
Venezuela Oil Proceeds Transparency Act
- Introduced
- 3/5/2026
- Last activity
- 3/5/2026 — Referred to the House Committee on Foreign Affairs.
- Sponsored by
- Sean Casten
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Venezuela Oil Proceeds Transparency Act," seeks to oversee a specific energy deal between the United States and Venezuela. The act requires the Comptroller General to conduct an audit of the energy deal announced on January 6, 2026. This audit will cover the activities of various federal agencies and entities involved in the deal's implementation. The Comptroller General must provide interim briefings on findings and potential risks like fraud or abuse. Finally, a formal report containing conclusions and recommendations must be submitted to Congress.
Yes· 3 of 5
Does this make what the government does easier for the public to see?+7
The bill requires the Comptroller General to conduct a formal audit and submit detailed reports and briefings to Congress regarding the energy deal.
Does this make the government pay for what it commits to?+5
The bill mandates an audit to identify risks of fraud, abuse, or conflicts of interest regarding the distribution of energy deal proceeds.
Would households on low incomes be better off under this?+2
The audit ensures the integrity of funds intended for the benefit of the Venezuelan people.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Oversight of Funds: The bill requires an audit of the United States-Venezuela energy deal (Section 3(a)). This could ensure that the sale of Venezuelan oil and the distribution of proceeds, which are intended for the benefit of the American and Venezuelan people (Section 2(2)(C)), are being handled properly.
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Identification of Financial Risks: The Comptroller General is tasked with providing briefings on identified risks of fraud, abuse, or conflicts of interest (Section 3(b)). This could help protect public funds and ensure the integrity of the energy deal.
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Accountability for Federal Agencies: The audit includes the activities of the Department of State, the Department of Energy, the Department of the Treasury, and other involved entities (Section 3(a)). This ensures that the government's actions regarding the rollback of sanctions and the use of new licenses are transparently reviewed.
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the text of the bill.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+7
- Economy And Finance
- Improves Fiscal Responsibility+5
- Demographic And Interest Groups
- Good For Low Income Households+2
- National Security And Foreign Policy
- Improves International Trade+2
- Environment Energy And Infrastructure
- Reduces Gas Prices+1
- 3/5/2026
- Referred to the House Committee on Foreign Affairs.
- 1 Cosponsor added.
- Introduced in House
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.
Joaquin CastroDemocrat · Texas