U.S. Congress - S.2976 OPEC Accountability Act
S.2976 - OPEC Accountability Act
A bill to require the United States Trade Representative to pursue a complaint of anticompetitive practices against certain oil exporting countries. view all titles (2)
All Bill Titles
- Official: A bill to require the United States Trade Representative to pursue a complaint of anticompetitive practices against certain oil exporting countries. as introduced.
- Short: OPEC Accountability Act as introduced.
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Official Summary
5/6/2008--Introduced.OPEC Accountability Act - Requires the President to initiate consultations with Indonesia, Kuwait, Nigeria, Qatar, the United Arab Emirates, Venezuela, Ecuador, and Saudi Arabia to seek their elimination of any action that: (1) limits the production or distribution ofOfficial Summary
5/6/2008--Introduced.OPEC Accountability Act - Requires the President to initiate consultations with Indonesia, Kuwait, Nigeria, Qatar, the United Arab Emirates, Venezuela, Ecuador, and Saudi Arabia to seek their elimination of any action that:
(1) limits the production or distribution of oil, natural gas, or any other petroleum product;
(2) sets or maintains the price of any such product; or
(3) otherwise is an action in restraint of trade with respect to such products when such action constitutes an act, policy, or practice that is unjustifiable and burdens and restricts U.S. commerce. Requires the U.S. Trade Representative to:
(1) initiate World Trade Organization (WTO) dispute proceedings if the consultation is not successful with respect to any such country; and
(2) take appropriate action regarding the country under U.S. trade remedy laws.
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Recent Blog Coverage
S.2976: Sleeping Bear Dunes National Lakeshore Conservation and ...
H.R. 4558/ S. 2976 Sleeping Bear Dunes National Lakeshore Conservation and Recreation Act Sponsors: Rep. Peter Hoekstra (R-MI), Sen. Carl Levin (D-MI). No mountain bike trails will be affected by this bill, which IMBA supports. ... Source: Discount Designe
Putins Gas OPEC: the imminent monopoly | State and Federal ...
Presently, the US already has several pending proposals to hold various OPEC counties to laws such as the Sherman Act (S.2976), criticizing lack of competition as a basis. Other proposals go one step further (H.R.6074), seeking to amend ...
Senators Call On Bush Administration To Take Action Against OPEC ...
Lautenberg introduced a bill (S. 2976) to require the Administration to file a complaint against OPEC for its anti-competitive practices and illegal export quotas on oil, which leads to higher gas prices here at home. ...
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