S 977 117th 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: March 25, 2021 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 18, 2022

Placed on Senate Legislative Calendar under General Orders. Calendar No. 542.

Oct 18, 2022

Committee on the Judiciary. Reported by Senator Durbin under authority of the order of the Senate of 10/14/2022 without amendment. Without written report.

May 5, 2022

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

Mar 25, 2021

Read twice and referred to the Committee on the Judiciary.

Mar 25, 2021

Introduced in Senate

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Plain-English summary Congressional Research Service

No Oil Producing and Exporting Cartels Act of 2021 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 any 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 October 18, 2022

Placed on Senate Legislative Calendar under General Orders. Calendar No. 542.

Related & companion bills 1

Bill text 2 versions