Difference between revisions of "NOPEC"
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| − | No Oil Producing and Exporting Cartels Act (NOPEC) is federal legislation | + | '''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>https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=1&vote=00215</ref> |
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== References == | == References == | ||
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<references/> | <references/> | ||
| − | [[Category:United States | + | [[Category:United States Law]] |
Latest revision as of 18:40, September 26, 2018
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]