A Senate version has attracted sponsors from across the political spectrum, from Iowa’s conservative Republican Chuck Grassley to Vermont’s liberal Democrat Patrick Leahy. But the House Judiciary Committee did approve the latest iteration by a voice vote in April. The legislation faces difficult odds amid concerns about diplomatic fallout that has led the State Department to oppose it in the past. government to sue members of the Organization of Petroleum Exporting Countries for manipulating the energy market, potentially seeking billions of dollars in reparations. The “No Oil Producing and Exporting Cartels Act” - known as NOPEC - would allow the U.S. lawmakers are seizing on the energy price surge to revive long-standing legislation that would subject the OPEC oil cartel to the same antitrust laws used more than century ago to break up Standard Oil’s monopoly.
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