NOPEC

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No Oil Producing and Exporting Cartels Act (NOPEC) is federal legislation aimed at making OPEC (No + OPEC) and other foreign oil-producing cartels subject to American antitrust law. The bill strips oil-producing foreign states of sovereign immunity, allowing them to be sued under the Sherman Antitrust Act.

In 2007, NOPEC passed both Houses of Congress by veto-proof margins. [1] [2]

References

  1. http://clerk.house.gov/evs/2007/roll398.xml
  2. http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=1&vote=00215
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