Difference between revisions of "NOPEC"
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Revision as of 10:22, April 7, 2008
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]