Dear Chairman Nadler and Ranking Member Jordan: The U.S. Chamber of Commerce opposes H.R. 2393, the “No Oil Producing and Exporting Cartels (NOPEC) Act,” which your committee is scheduled to consider in a markup on April 14. This bill would amend the Sherman Act to waive sovereign immunity defenses that might otherwise be used to defend against antitrust claims brought before the United States courts.
The U.S. Chamber is unalterably opposed to anti-competitive conduct in commercial markets by foreign states and their agents.