ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 2393, No Oil Producing and Exporting Cartels Act of 2021   [open pdf - 155KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on the Judiciary on April 20, 2021. From the Document: "H.R. 2393 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."

Publisher:
Date:
2021-05-13
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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