Senate Bill 370
116th Congress(2019-2020)
NOPEC
Introduced
Introduced in Senate on Feb 7, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
370
Congress
116
Policy Area
Foreign Trade and International Finance
Foreign Trade and International Finance
Primary focus of measure is competitiveness, trade barriers and adjustment assistance; foreign loans and international monetary system; international banking; trade agreements and negotiations; customs enforcement, tariffs, and trade restrictions; foreign investment. Measures concerning border enforcement may fall under Immigration policy area.
No Senate votes have been held for this bill.
Summary
No Oil Producing and Exporting Cartels Act of 2019 or NOPEC
This bill prohibits a foreign state from engaging in collective action impacting the market, supply, price, or distribution of oil, natural gas, or other petroleum product in the U.S. Specifically, a foreign state is prohibited from
- collective action that limits the production or distribution of such product,
- collective action to set or maintain the price of such product, or
- any other action that restrains trade of such product.
Specified defenses such as sovereign immunity (i.e., a foreign state's immunity from the jurisdiction of U.S. courts) and the act of state doctrine (i.e., the prohibition of a court invalidating an official act of a foreign sovereign performed within its own territory) shall not apply to a foreign state's violation of this bill.
February 7, 2019
02/07/2019
Read twice and referred to the Committee on the Judiciary.
02/07/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 3:47:46 PM