S. 3081, A bill to establish a Petroleum Industry Antitrust Task Force within the Department of Justice

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S. 3081 would establish a Petroleum Industry Antitrust Task Force within the Department of Justice.

Detailed Summary

Directs the Attorney General to establish a Petroleum Industry Antitrust Task Force in the Department of Justice (DOJ) to examine all issues relating to the application of federal antitrust laws to the petroleum markets, including the existence and effects of: (1) price gouging in the sales of gasoline; (2) international oil cartels; (3) collusive behavior in restricting petroleum production; (4) anticompetitive price discrimination; and (5) anticompetitive manipulation in futures markets or other trading exchanges relating to petroleum.

Status of the Legislation

Latest Major Action: 6/4/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on the Judiciary.

Points in Favor

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Points Against

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