Senators Revive NOPEC Bill As Bush Exit Nears

Law360, New York (January 13, 2009, 12:00 AM EST) -- A team of senators has reintroduced a measure to allow the federal government to launch antitrust lawsuits against international oil cartels, just a week before the bill's chief opponent, President George W. Bush, leaves office.

The No Oil Producing Exporting Cartel Act cleared the U.S. House of Representatives in May as part of the Gas Price Relief Act and passed both the House and U.S. Senate in 2007. Bush, however, staunchly promised to reject the NOPEC bill.

Bringing the measure back to Capitol Hill on Monday,...
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