S 2270 108th Congress Senate

NOPEC

Official title: A bill to amend the Sherman Act to make oil-producing and exporting cartels illegal.

Introduced: April 7, 2004 See on congress.gov

Law Antitrust lawCartelsCommerceCrime and Law Enforcement

More subjectsShow fewer subjects

EnergyEnergy pricesEnergy suppliesForeign Trade and International FinanceGovernment liability (International law)International AffairsOPEC countriesPetroleum industryPrivileges and immunitiesRestrictive trade practices

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 22, 2004

Placed on Senate Legislative Calendar under General Orders. Calendar No. 474.

Apr 22, 2004

Committee on the Judiciary. Reported by Senator Hatch without amendment. Without written report.

Apr 22, 2004

Committee on the Judiciary. Ordered to be reported without amendment favorably.

Apr 1, 2004

Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S3569-3570)

Apr 1, 2004

Sponsor introductory remarks on measure. (CR S3569)

Apr 1, 2004

Introduced in Senate

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Latest action April 22, 2004

Placed on Senate Legislative Calendar under General Orders. Calendar No. 474.

Plain-English summary Congressional Research Service

No Oil Producing and Exporting Cartels Act of 2004 or NOPEC - Amends the Sherman Act to declare it to be illegal and a violation of the Act for any foreign state or instrumentality thereof to act collectively or in combination with any other foreign state or any other person, whether by cartel or any other association or form of cooperation or joint action, to limit the production or distribution of oil, natural gas, or any other petroleum product (petroleum), to set or maintain the price of petroleum, or to otherwise take any action in restraint of trade for petroleum, when such action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price, or distribution of petroleum in the United States.

Denies a foreign state engaged in such conduct sovereign immunity from the jurisdiction or judgements of U.S. courts in any action brought to enforce this Act.

States that no U.S. court shall decline, based on the act of state doctrine, to make a determination on the merits in an action brought under this Act.

Authorizes the Attorney General and the Federal Trade Commission to bring an action in U.S. district court to enforce this Act.

Amends the Federal judicial code to make an exception to the jurisdictional immunity of a foreign state in an action brought under this Act.

Related & companion bills 1

Bill text 2 versions