Lawmakers Push for Audits and Transparency in U.S.-Venezuela Oil Deal

January 13 – February 11, 2026·Energy Environment, National Security Foreign Policy, Economy Finance, Foreign Policy, Trade, Energy

The Bottom Line

Lawmakers introduced H.R. 7038, S. 3685, and S. 3838 to block federal funding for Venezuelan oil projects and audit billions of dollars in energy revenue. These bills aim to protect U.S. taxpayers from risky foreign investments and ensure the State Department tracks every dollar spent. All three bills are currently under review in congressional committees as members push for stricter oversight.

Legislation— 3 policys

H.R. 7038 and S. 3685 are companion bills in the House and Senate that both aim to stop taxpayer money from going to Venezuelan oil projects. S. 3838 is a separate Senate bill that adds a layer of oversight by requiring an independent audit of the money generated by these energy deals.

Congress Proposes Independent Audit of New U.S.-Venezuela Oil Deal to Track Billions in Revenue

S. 3838

Ban on Taxpayer Funding for Venezuelan Oil Projects

S 3685

Congress moves to bar federal funds from supporting Venezuela oil projects, requiring State Department reports

H.R. 7038

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