Venezuela Oil Proceeds Transparency Act

Senate Bill

S. 3838

119th Congress

Venezuela Oil Proceeds Transparency Act

In Committee

Introduced:Feb 11, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would require transparency and reporting about money that comes from Venezuelan oil sales. It aims to track how proceeds from Venezuela's oil industry are being used or distributed.

Latest Action

Read twice and referred to the Committee on Foreign Relations. (text: CR S579)

Introduced2/11/2026

StatusRead twice and referred to the Committee on Foreign Relations. (text: CR S579)

ChamberSenate

Data from Congress.gov

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Vote Prediction

Venezuela Oil Proceeds Transparency Act

This bill would require transparency and reporting about money that comes from Venezuelan oil sales. It aims to track how proceeds from Venezuela's oil industry are being used or distributed.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would require transparency and reporting about money that comes from Venezuelan oil sales. It aims to track how proceeds from Venezuela's oil industry are being used or distributed.

Bill Number: 3838
Introduced: 2/11/2026
Status: Read twice and referred to the Committee on Foreign Relations. (text: CR S579)

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Venezuela Oil Proceeds Transparency Act
Bill Number: 3838
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Foreign Relations. (text: CR S579)
Introduced: 2/11/2026
Summary: This bill would require transparency and reporting about money that comes from Venezuelan oil sales. It aims to track how proceeds from Venezuela's oil industry are being used or distributed.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would require transparency and reporting about money that comes from Venezuelan oil sales. It aims to track how proceeds from Venezuela's oil industry are being used or distributed.

Last updated: 2/27/2026

Key Points

Main provisions of the bill

The bill focuses on creating transparency requirements for proceeds from Venezuelan oil sales.
It would likely establish reporting mechanisms to track where money from Venezuela's oil industry goes.
The legislation addresses concerns about accountability in Venezuela's oil revenue management.
It has been referred to the Senate Committee on Foreign Relations for consideration.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect U.S. government agencies responsible for monitoring foreign oil transactions and potentially companies doing business with Venezuela's oil sector. It could also impact how the U.S. government tracks financial flows related to Venezuelan oil, which may influence future policy decisions about sanctions or diplomatic relations with Venezuela.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3838, 119th Congress (2026). "Venezuela Oil Proceeds Transparency Act". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3838

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