Herb Kohl: “I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection…”

“I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To amend the Sherman Act to make oil-producing and exporting cartels illegal) At the end of the bill, insert the following: SEC. ___. NOPEC. (a) Short Title.--This section may be cited as the ``No Oil Producing and Exporting Cartels Act of 2011'' or ``NOPEC''. (b) Sherman Act.--The Sherman Act (15 U.S.C. 1 et seq.) is amended by adding after section 7 the following: ``SEC. 7A. OIL PRODUCING CARTELS. ``(a) In General.--It shall be illegal and a violation of this Act for any foreign state, or any instrumentality or agent of any foreign state, to act collectively or in combination with any other foreign state, any instrumentality or agent of any other foreign state, or any other person, whether by cartel or any other association or form of cooperation or joint action-- ``(1) to limit the production or distribution of oil, natural gas, or any other petroleum product; ``(2) to set or maintain the price of oil, natural gas, or any petroleum product; or ``(3) to otherwise take any action in restraint of trade for oil, natural gas, or any petroleum product; when such action, combination, or collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price, or distribution of oil, natural gas, or other petroleum product in the United States.…”