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S 2976 110th Congress Senate Foreign Trade and International Finance Africa (Sub-Saharan) Cartels Commerce Dispute settlement East Asia Ecuador Energy Energy prices Energy supplies Export controls Free trade Indonesia International Affairs International agencies Kuwait Latin America Middle East and North Africa Natural gas Nigeria

OPEC Accountability Act

Introduced: May 6, 2008 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 6, 2008
Read twice and referred to the Committee on Finance.
May 6, 2008
Introduced in Senate
 Plain-English summary Congressional Research Service

OPEC Accountability Act - Requires the President to initiate consultations with Indonesia, Kuwait, Nigeria, Qatar, the United Arab Emirates, Venezuela, Ecuador, and Saudi Arabia to seek their elimination of any action that: (1) limits the production or distribution of oil, natural gas, or any other petroleum product; (2) sets or maintains the price of any such product; or (3) otherwise is an action in restraint of trade with respect to such products when such action constitutes an act, policy, or practice that is unjustifiable and burdens and restricts U.S. commerce.

Requires the U.S. Trade Representative to: (1) initiate World Trade Organization (WTO) dispute proceedings if the consultation is not successful with respect to any such country; and (2) take appropriate action regarding the country under U.S. trade remedy laws.

What's happening now May 6, 2008

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1