HR 3081
118th 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: May 5, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2023
Referred to the House Committee on the Judiciary.
May 5, 2023
Introduced in House
Plain-English summary
No Oil Producing and Exporting Cartels Act of 2023 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
Referred to the House Committee on the Judiciary.
Committees of jurisdiction
1