1. Short title This Act may be cited as the OPEC Accountability Act of 2018 . 2. Actions to curb certain cartel anticompetitive practices (a) Findings Congress makes the following findings: (1) Gasoline prices have increased by nearly 25 percent since the beginning of 2017. (2) Rising gasoline prices have placed an inordinate burden on families in the United States. (3) High gasoline prices have hindered and will continue to hinder economic growth. (4) The Organization of Petroleum Exporting Countries (in this subsection referred to as OPEC ) and some non-OPEC oil-producing countries have formed a cartel and engaged in anticompetitive practices to reduce global oil stockpiles in order to drive up prices. (5) Eight member nations of OPEC—Ecuador, Indonesia, Kuwait, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela—are also members of the World Trade Organization. Iran, Iraq and Libya are also Observer Governments of the World Trade Organization. (6) The coordinated drawdown of global oil stockpiles and resulting high prices harm families in the United States, undermine the economy of the United States, impede commerce in the United States and throughout the world, and are contrary to the national interests of the United States. (b) Action by President (1) In general Notwithstanding any other provision of law, the President shall, not later than 15 days after the date of the enactment of this Act, initiate consultations with the countries described in paragraph (2) to seek the elimination by those countries of any action that— (A) limits the production or distribution of oil, natural gas, or any other petroleum product; (B) sets or maintains the price of oil, natural gas, or any other petroleum product