NOPEC
- Last Action
- 4/20/2021
Actions
- 2021-04-20Ordered to be Reported.
- 2021-04-20Committee Consideration and Mark-up Session Held.
- 2021-04-08Referred to the House Committee on the Judiciary.
- 2021-04-08Introduced in House
- 2021-04-08Introduced in House
CRS Summary
As of 2021-04-08 (00)
No Oil Producing and Exporting Cartels Act of 2021 or NOPEC
This bill prohibits a foreign state from engaging in collective action impacting the market, supply, price, or distribution of oil, natural gas, or any other petroleum product in the U.S. Specifically, a foreign state is prohibited from
- collective action that limits the production or distribution of such product,
- collective action to set or maintain the price of such product, or
- any other action that restrains trade of such product.
Specified defenses such as sovereign immunity (i.e., a foreign state's immunity from the jurisdiction of U.S. courts) and the act of state doctrine (i.e., the prohibition of a court invalidating an official act of a foreign sovereign performed within its own territory) shall not apply to a foreign state's violation of this bill.
Cosponsors (5)
- JERROLD NADLER (D-NY)
- David Cicilline (D-RI)
- Susan Wild (D-PA)
- MIKE THOMPSON (D-CA)
- Abigail Spanberger (D-VA)
Subjects
- Competition and antitrust
- Energy prices
- Energy storage, supplies, demand
- Government liability
- Jurisdiction and venue
- Oil and gas
- Sovereignty, recognition, national governance and status
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.