,,ii  #aaith ,,congress  #b;d ,session  
,s4 #chch  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #aa1 
#bjbf,mr4 ,schumer 7for himself and ,mr4
 ,schiff7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,foreign ,relations   
,a ,,bill  ,to require the ,comptroller 
,general of the ,united ,states to      
conduct an audit of a ,united ,states   
and ,venezuela energy deal1 and for     
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,venezuela ,oil
 ,proceeds ,transparency ,act4  #b4     
,findings ,congress finds that-- 7#a7 on
 ,january #f1 #bjbf1 ,president ,trump  
announced a ,united ,states-,venezuela  
energy deal under which the ,united     
,states will market and sell ,venezuelan
 oil and deposit proceeds into          
,u4,s4-controlled accounts2  7#b7       
according to the fact sheet of the      
,department of ,energy issued on        
,january #g1 #bjbf1 on the ,united      
,states-,venezuela energy deal-- 7,a7   

the ,federal ,government has engaged    
commodity marketers and banks to execute
 and provide financial support for the  
crude oil and crude products sales2     
7,b7 all proceeds from the sale of      
,venezuelan crude oil and oil products  
will first settle in ,united ,states    
controlled accounts at foreign banks to 
guarantee the legitimacy and integrity  
of the ultimate distribution of         
proceeds2 and  7,c7 the funds will be   
disbursed for the benefit of the        
,american people and the ,venezuelan    
people at the discretion of the ,u4,s4  
government and will continue            
indefinitely2  7#c7 under the ,united   
,states-,venezuela energy deal1 the     
,united ,states is selectively rolling  
back sanctions to enable the transport  
and sale of ,venezuelan crude and oil   
products to global markets1 and the     
,office of ,foreign ,assets ,control of 
the ,department of the ,treasury is also
 issuing new licenses for certain       
companies to import and export          

,venezuelan oil2 and  7#d7 during       
testimony to the ,committee on ,foreign 
,relations of the ,senate on ,january   
#bh1 #bjbf1 ,secretary of ,state ,marco 
,rubio said there were plans for an     
audit process to review expenditures    
from an account in ,qatar set up under  
the ,united ,states-,venezuela energy   
deal1 but ,secretary ,rubio added that  
,we haven't finalized what that audit   
process would be44  #c4 ,,gao audit  7a7
 ,in general ,not later than #cj days   
after the date of enactment of this     
,act1 the ,comptroller ,general of the  
,united ,states 7referred to in this    
section as the ,comptroller ,general7   
shall initiate an audit of the ,united  
,states-,venezuela energy deal announced
 on ,january #f1 #bjbf1 including the   
activities of the ,department of ,state1
 the ,department of ,energy1 the        
,department of the ,treasury1 and any   
other ,federal ,government agencies1    
employees1 or contractors or entities   
funded by the ,united ,states involved  

in implementing the deal4  7b7 ,interim 
briefing ,not later than #cj days after 
the date on which the audit required    
under subsection 7a7 is completed1 the  
,comptroller ,general shall provide to  
the chair and ranking member of each    
committee and subcommittee of           
jurisdiction in the ,house of           
,representatives and the ,senate a      
briefing on preliminary findings1 scope1
 and any identified risks of fraud1     
abuse1 or conflicts of interest         
identified while conducting the audit4  
7c7 ,notice of noncompliance ,in        
carrying out this section1 the          
,comptroller ,general shall notify the  
chair and ranking member of each        
committee and subcommittee of           
jurisdiction in the ,house of           
,representatives and the ,senate as soon
 as practicable if the ,comptroller     
,general determines that access to      
information has been unreasonably       
delayed or denied by any ,federal       
department1 agency1 employee1 or        

contractor or entity funded by the      
,united ,states involved in implementing
 the ,united ,states-,venezuela energy  
deal described in subsection 7a74  7d7  
,report  7#a7 ,in general ,not later    
than #ij days after the date on which   
the audit required under subsection 7a7 
is completed1 the ,comptroller ,general 
shall-- 7,a7 submit to ,congress a      
report on that audit1 which shall       
include-- 7i7 a detailed description of 
the findings and conclusions of the     
,comptroller ,general with respect to   
the audit that is the subject of the    
report2 and  7ii7 recommendations for   
legislative or administrative action1 as
 the ,comptroller ,general determines to
 be appropriate2 and  7,b7 make the     
report available to-- 7i7 the ,speaker  
of the ,house of ,representatives2  7ii7
 the majority and minority leaders of   
the ,house of ,representatives2  7iii7  
the majority and minority leaders of the
 ,senate2  7iv7 the chair and ranking   
member of each committee and            

subcommittee of jurisdiction in the     
,house of ,representatives and the      
,senate2 and  7v7 any ,member of        
,congress who requests the report4  7#b7
 ,form ,the report required under       
paragraph 7#a7 shall be submitted in    
unclassified form1 but may include a    
classified annex4