Panel Sends NOPEC Antitrust Bill To Full Senate

Law360, New York (April 7, 2011, 2:02 PM EDT) -- The Senate Judiciary Committee voted Thursday to send to the floor a bill that would allow the U.S. Department of Justice to bring antitrust suits against countries that collude to set oil prices or limit production.

After a brief debate, the panel voted 11-3 to report the legislative proposal to the full U.S. Senate despite concerns from some lawmakers that the current wave of political upheaval in the Middle East and the efforts to waive foreign sovereignty might actually end up raising the cost of oil...
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