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SENATE 977117th CongressPlaced on Senate Legislative Calendar under General Orders. Calendar No. 542.

NOPEC

Last Action
10/18/2022

Actions

  • 2022-10-18Placed on Senate Legislative Calendar under General Orders. Calendar No. 542.
  • 2022-10-18Committee on the Judiciary. Reported by Senator Durbin under authority of the order of the Senate of 10/14/2022 without amendment. Without written report.
  • 2022-10-18Committee on the Judiciary. Reported by Senator Durbin under authority of the order of the Senate of 10/14/2022 without amendment. Without written report.
  • 2022-05-05Committee on the Judiciary. Ordered to be reported without amendment favorably.
  • 2021-03-25Read twice and referred to the Committee on the Judiciary.
  • 2021-03-25Introduced in Senate

CRS Summary

As of 2022-10-18 (25)

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 (3)

  • Amy Klobuchar (D-MN)
  • Mike Lee (R-UT)
  • Patrick Leahy (D-VT)

Subjects

  • Competition and antitrust
  • Energy prices
  • Energy storage, supplies, demand
  • Government liability
  • Jurisdiction and venue
  • Oil and gas
  • Sovereignty, recognition, national governance and status
Read on Congress.gov

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.