Chabot oil bill passes House

The House passed a bill today from Reps. Steve Chabot, R-Ohio, and Judiciary Committee Chairman John Conyers, D-Mich., that will pave the way for the U.S. to sue members of OPEC, the Oil Producing and Exporting Cartels. The measure passed 345 to 72.

“The NOPEC legislation that passed today is just one component of a broader energy policy needed to lower gas prices and bring relief to consumers,” Chabot said. “While it is important to target the anti-competitive practices of these price-fixing oil cartels, we must continue to press for increased domestic energy output, better alternative energy sources and greater energy efficiency.”

This bill was the subject of a House Judiciary Committee hearing last week. A companion bill has already passed the Senate Judiciary Committee.