OPEC Accountability Act
Latest action · May 1, 2008 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 1, 2008
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 4
Members who signed on, in the order they did. All signed on May 1, 2008.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-VT | Bernard Sanders | Original | May 1, 2008 |
| D-ND | Byron L. Dorgan | Original | May 1, 2008 |
| D-MI | Carl Levin | Original | May 1, 2008 |
| D-PA | Robert P. Casey Jr. | Original | May 1, 2008 |
Actions 2
Everything that happened, newest first.
- May 1, 2008Introduced in Senate
- May 1, 2008Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2976 | OPEC Accountability Act | Related bill | May 6, 2008 |
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Africa (Sub-Saharan)
- Cartels
- Commerce
- Dispute settlement
- East Asia
- Ecuador
- Energy
- Energy prices
- Energy supplies
- Export controls
- Foreign Trade and International Finance
- Free trade
- Indonesia
- International Affairs
- International agencies
- Kuwait
- Latin America
- Middle East and North Africa
- Natural gas
- Nigeria
- Nontariff trade barriers
- OPEC countries
- Petroleum
- Price fixing
- Qatar
- Restrictive trade practices
- Saudi Arabia
- Trade negotiations
- United Arab Emirates
- Venezuela
Text 1
Each version as it was printed, newest first.
- May 1, 2008Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.