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Venezuela Oil Proceeds Transparency Act

This bill requires an official audit of the energy deal between the U.S. and Venezuela to track how oil money is handled. It aims to ensure that funds kept in U.S.-controlled accounts are used properly for the benefit of the people.
Key points
Mandatory GAO audit of the U.S.-Venezuela oil agreement.
Investigation into potential fraud, abuse, or conflicts of interest.
Requirement for a public report on how the money is being managed.
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Status:
Introduced
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Additional Information
Venezuela Oil Proceeds Transparency Act
Print number: HR 7819
Sponsor: Rep. Casten, Sean [D-IL-6]
Process start date: 2026-03-05
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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Summary & Status

Key Questions about Venezuela Oil Proceeds Transparency Act

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 7819.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2026-03-05.

What are the main provisions?

Key points include:

  • Mandatory GAO audit of the U.S.-Venezuela oil agreement.
  • Investigation into potential fraud, abuse, or conflicts of interest.
  • Requirement for a public report on how the money is being managed.

What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Casten, Sean [D-IL-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-26.

Analysis and Potential Impact of HR 7819

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy Security