Letter from Senators Wyden, Warren and Whitehouse to Bessent and Rubio

… We write to seek transparency on the use and status of Venezuelan natural resources revenues accruing in and being disbursed from U.S. government-controlled accounts. Public reporting indicates that tens of billions of dollars in natural resource transactions—including at least $13 billion in revenue from Venezuelan oil sales alone—have been deposited into a custody account at the Department of the Treasury. But for months, you have failed to explain where that money has gone and whether any safeguards have been implemented to prevent misappropriation of Venezuela’s funds or potential Trump Administration corruption in directing them to politically favored insiders. In January 2026, President Trump issued Executive Order (EO) 14373 and announced the establishment of the Foreign Government Deposit Funds deposit account to be held under the custody of the Treasury Department on behalf of the Venezuelan government and made up of …