OPEC Accountability Act of 2018 This bill requires the President to negotiate with specified countries regarding anticompetitive practices impacting the trade of oil, natural gas, or other petroleum products. If the negotiation is unsuccessful with respect to any country, the Office of the U.S. Trade Representative must initiate dispute settlement proceedings with the World Trade Organization.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Foreign Trade and International Finance
AfricaAlgeriaAngolaAsiaAzerbaijanBahrainBruneiCompetition and antitrustCompetitiveness, trade promotion, trade deficitsEcuadorEnergy pricesEnergy storage, supplies, demandEquatorial GuineaGabonIranIraqKazakhstanKuwaitLatin AmericaLibyaMalaysiaMexicoMiddle EastNigeriaOil and gasOmanQatarRussiaSaudi ArabiaSouth SudanSudanTariffsTrade agreements and negotiationsUnited Arab EmiratesVenezuela
A bill to require the United States Trade Representative to pursue a complaint of anticompetitive practices against certain oil exporting countries.
USA115th CongressS-2929| Senate
| Updated: 5/23/2018
OPEC Accountability Act of 2018 This bill requires the President to negotiate with specified countries regarding anticompetitive practices impacting the trade of oil, natural gas, or other petroleum products. If the negotiation is unsuccessful with respect to any country, the Office of the U.S. Trade Representative must initiate dispute settlement proceedings with the World Trade Organization.