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
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
Plain-English summary
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
Read twice and referred to the Committee on the Judiciary.
Committees of jurisdiction
1