S 2557 · 109th Congress · Commerce

Oil and Gas Industry Antitrust Act of 2006

Introduced 2006-04-06· Sponsored by Sen. Specter, Arlen [R-PA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 416.(2006-04-27)

Plain Language Summary

[AI summary unavailable — showing source text] Oil and Gas Industry Antitrust Act of 2006 - Amends the Clayton Act to make it unlawful for any person to refuse to sell, or to export or divert, existing supplies of petroleum, gasoline, or other fuel derived from petroleum, or natural gas, with the primary intention of increasing prices or creating a shortage in a geographic market. Directs the Attorney General (AG) and the Chairman of the Federal Trade Commission (FTC) to study whether section 7 of the Clayton Act (prohibiting certain mergers or acquisitions) should be amended to modify how that section applies to persons engaged in the business of exploring for, producing, refining, or otherwise processing, storing, marketing, selling, or otherwise making available petroleum, gasoline or other fuel derived from petroleum, or natural gas. Requires the Comptroller General to study the effectiveness of divestitures required under certain prior oil and gas industry consent decrees. Directs the AG and FTC Chairman to establish a joint federal-state task force to investigate information sharing among persons in the oil and gas industry. No Oil Producing and Exporting Cartels Act of 2006 or NOPEC - Amends the Sherman Act to make it il…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

S. 2557, Oil and Gas Industry Antitrust Act of 2006

May 18, 2006

<p>Cost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on April 27, 2006</p>

Full CBO report ↗

S. 2557, Oil and Gas Industry Antitrust Act of 2006

May 18, 2006

Cost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on April 27, 2006

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (10)

8 Democrats2 Republicans