Difference between revisions of "NOPEC"
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The bill strips oil-producing foreign states of [[sovereign immunity]], allowing them to be sued under the [[Sherman Antitrust Act]]. | 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>http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=1&vote=00215</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> |
== References == | == References == | ||
Revision as of 16:24, July 13, 2016
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]