S 3214 115th Congress Senate Foreign Trade and International Finance Competition and antitrust Energy prices Energy storage, supplies, demand Government liability Jurisdiction and venue Oil and gas Sovereignty, recognition, national governance and status

NOPEC

Introduced: July 16, 2018 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 16, 2018

Read twice and referred to the Committee on the Judiciary.

Jul 16, 2018

Introduced in Senate

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Plain-English summary Congressional Research Service

No Oil Producing and Exporting Cartels Act of 2018 or NOPEC

This bill amends the Sherman Act to prohibit a foreign state from engaging in collective action impacting the market, supply, price or distribution of oil, natural gas, or 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.

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.

What's happening now July 16, 2018

Read twice and referred to the Committee on the Judiciary.

Related & companion bills 1

Bill text 1 version