"House Panel Passes Bill Targeting OPEC Oil Supply Cuts

"The House Judiciary Committee passed the bipartisan bill, known as the No Oil Producing and Exporting Cartels Act, or NOPEC, on a voice vote.

The legislation would change U.S. antitrust law to revoke the sovereign immunity that has long protected OPEC members from U.S. lawsuits. It allows the U.S. attorney general to sue the oil producers group or any of its members on grounds of collusion.

A similar bill was introduced in the Senate on Thursday by Republican Senator Chuck Grassley, a proponent of ethanol, a corn-based motor fuel. "

Timothy Gardner reports for Reuters February 7, 2019.