WASHINGTON/HOUSTON (Reuters) -The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro's failure to meet his election commitments. Just hours before the deadline, the U.S. Treasury Department announced on Wednesday that it had issued a replacement license giving companies 45 days to "wind down" their business and transactions in the OPEC country's oil and gas sector. Washington had repeatedly threatened in recent months to reinstate energy sanctions unless Maduro made good on his promises that led to partial U.S. sanctions relief from October, following a U.S.-backed election deal between the government and the Venezuelan opposition.