NOPEC

S 678 (NOPEC) amends U.S. antitrust law to make it illegal for foreign governments or their agents to form oil-producing cartels that limit U.S. oil supply, fix prices, or otherwise restrain trade in U.S. markets. It removes legal protections for these foreign entities (like sovereign immunity and the "act of state" doctrine), allowing the U.S. Attorney General to sue them directly in federal court. The bill directly targets foreign oil-producing states (like OPEC members) whose collective actions affect U.S. energy markets, shifting enforcement authority to the federal government.