S.3838 Sponsored — A bill to require the Comptroller General of the United States to conduct an audit of a United States and Venezuela energy deal, and for other purposes.
Require the Comptroller General to audit a U.S.-Venezuela energy deal.
Occurrences
Evidence
Rubio told the Senate Foreign Relations Committee that the U.S. Treasury would control the oil-revenue process, oversee the account, and conduct audits to ensure the money was used as intended.
The article says EO 14373 puts Venezuelan oil revenue into U.S. Treasury accounts, with 83% of income managed in Washington, and that U.S. companies handle commercialization and transport.
Assessments
As of June 20, 2026, there is no clear evidence that Congress enacted a requirement for the Comptroller General (GAO) to audit the U.S.-Venezuela energy deal. The documented oversight that emerged in January 2026 was Treasury-led, with Marco Rubio describing Treasury control and Treasury audits of oil-revenue spending, which is not the promised GAO audit requirement. Publicly documented congressional oversight around the deal also appears to have taken the form of investigations by other senators rather than enactment of Schumer's specific promised audit mandate. Because the promised outcome was a specific federal oversight requirement and that requirement does not appear to have been delivered, this is best scored as never rather than delivered or partial.