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No Oil Producing and Exporting Cartels Act (NOPEC) is federal legislation that would make foreign oil-producing cartels (such as [[OPEC]]) subject to American antitrust law that prohibits cartels. Specifically, the bill declares that oil-producing foreign states do not have sovereign immunity and may be sued under the Sherman Antitrust Act.
'''No Oil Producing and Exporting Cartels Act''' (NOPEC) is federal [[legislation]] that would make foreign oil-producing cartels (such as [[OPEC]]) subject to American [[antitrust]] law that prohibits cartels. Specifically, the bill declares that oil-producing foreign states do not have sovereign immunity and may be sued under the [[Sherman Antitrust Act]].
In 2007, NOPEC passed both Houses of Congress by veto-proof margins.<ref>http://clerk.house.gov/evs/2007/roll398.xml</ref><ref>
In 2007, NOPEC passed both Houses of Congress by veto-proof margins.<ref>http://clerk.house.gov/evs/2007/roll398.xml</ref><ref>
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[[Category:United States laws]]
[[Category:United States Laws]]