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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]] aimed at making [[OPEC]] (''<u>N</u>o'' + ''<u>OPEC</u>'')

and other foreign oil-producing [[cartel]]s 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.<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>http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=1&vote=00215</ref>

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=1&vote=00215</ref>

== References ==

== References ==