S. 977: NOPEC
Legislation Details
117th Congress
A bill to amend the Sherman Act to make oil-producing and exporting cartels illegal.
Sponsor: Sen. Charles Grassley — R — IA
Prohibits a foreign state from engaging in collective action impacting the market, supply, price, or distribution of oil, natural gas, or any 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 produ...
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