Senate Judiciary Committee
S. 977, No Oil Producing and Exporting Cartels Act of 2021
I. Nominee
- S. Lane Tucker to be United States Attorney for the District of Alaska
- S. 977, No Oil Producing and Exporting Cartels Act of 2021 (Grassley, Klobuchar, Lee, Leahy)
Related bill: H.R. 2393
The bill would seek to prohibit foreign states from working collectively to limit the production, set the price, or otherwise restrain the trading of petroleum and natural gas when such actions affect U.S. markets. The bill would authorize the Department of Justice (DOJ) to enforce the prohibition by filing antitrust actions in federal courts. Under the bill, foreign states that restrain trade in petroleum and natural gas would not be immune from the judgment of U.S. courts under the doctrine of sovereign immunity.