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

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Plain-English summary Congressional Research Service

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 May 5, 2023

Referred to the House Committee on the Judiciary.

Related & companion bills 1

Bill text 1 version