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HR 948 116th Congress House 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: February 4, 2019 See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2019
Ordered to be Reported by Voice Vote.
Feb 7, 2019
Committee Consideration and Mark-up Session Held.
Feb 4, 2019
Referred to the House Committee on the Judiciary.
Feb 4, 2019
Introduced in House
 Plain-English summary Congressional Research Service

No Oil Producing and Exporting Cartels Act of 2019 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 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.

What's happening now February 7, 2019

Ordered to be Reported by Voice Vote.

 Committees of jurisdiction 1