Venezuela Oil Proceeds Transparency Act

House Bill

H.R. 7819

119th Congress

Venezuela Oil Proceeds Transparency Act

In Committee

Introduced:Mar 5, 2026

Primary Sponsor

Sean Casten

D - IL

Cosponsors

0

Quick Stats

Summary

This bill would require the Government Accountability Office to conduct an independent audit of any energy agreement between the United States and Venezuela. The audit would examine the financial terms, implementation, and effects of such deals, ensuring transparency in U.S.-Venezuela energy relations at a time when both countries navigate complex diplomatic and economic challenges.

Latest Action

Referred to the House Committee on Foreign Affairs.

Introduced3/5/2026

StatusReferred to the House Committee on Foreign Affairs.

ChamberHouse

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

Venezuela Oil Proceeds Transparency Act

This bill would require the Government Accountability Office to conduct an independent audit of any energy agreement between the United States and Venezuela. The audit would examine the financial terms, implementation, and effects of such deals, ensuring trans

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would require the Government Accountability Office to conduct an independent audit of any energy agreement between the United States and Venezuela. The audit would examine the financial terms, implementation, and effects of such deals, ensuring transparency in U.S.-Venezuela energy relations at a time when both countries navigate complex diplomatic and economic challenges.

Bill Number: 7819
Introduced: 3/5/2026
Status: Referred to the House Committee on Foreign Affairs.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Venezuela Oil Proceeds Transparency Act
Bill Number: 7819
Sponsor: No sponsor
Status: Referred to the House Committee on Foreign Affairs.
Introduced: 3/5/2026
Summary: This bill would require the Government Accountability Office to conduct an independent audit of any energy agreement between the United States and Venezuela. The audit would examine the financial terms, implementation, and effects of such deals, ensuring transparency in U.S.-Venezuela energy relatio

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would require the Government Accountability Office to conduct an independent audit of any energy agreement between the United States and Venezuela. The audit would examine the financial terms, implementation, and effects of such deals, ensuring transparency in U.S.-Venezuela energy relations at a time when both countries navigate complex diplomatic and economic challenges.

Last updated: 3/6/2026

Key Points

Main provisions of the bill

Mandates an independent government audit of U.S.-Venezuela energy agreements to ensure taxpayer money and national interests are protected
Addresses growing concerns about energy security and U.S. relations with Venezuela, a country with significant oil reserves but facing political instability
Could impact gas prices and energy availability for American consumers by scrutinizing deals that might affect domestic energy supply
Provides Congressional oversight of executive branch energy negotiations with foreign governments

How This Impacts Americans

Potential effects on citizens and communities

American consumers and taxpayers would benefit from increased transparency about energy deals that could affect domestic gas prices and energy security. Energy companies involved in Venezuelan operations and U.S. foreign policy stakeholders would face greater scrutiny of their agreements. The bill would also affect how the U.S. government structures future energy partnerships with countries facing sanctions or diplomatic complications.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7819, 119th Congress (2026). "Venezuela Oil Proceeds Transparency Act". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7819

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.