To prohibit natural asset companies from entering into any agreement with respect to land in the State of Utah or natural assets on or in such land.

Bill: 118-hr-7006
Sponsor: full_name: Rep. Curtis, John R. [R-UT-3]
Introduced: 2024-01-17
Policy area: Public Lands and Natural Resources
Subjects: Land transfers

Land use and conservation

Utah
Latest action: action_date: 2024-03-20
text: Subcommittee Hearings Held

Summaries:
action_date: 2024-01-17
action_desc: Introduced in House
text: <p>This bill prohibits natural asset companies from entering agreements regarding land or natural assets in Utah. A natural asset company is a corporation with the primary purpose of actively managing, maintaining, restoring, and growing the value of natural assets and their production of ecosystem services.</p>

tv_txt: I 118th CONGRESS 2d Session H. R. 7006 IN THE HOUSE OF REPRESENTATIVES January 17, 2024 Mr. Curtis introduced the following bill; which was referred to the Committee on Natural Resources A BILL To prohibit natural asset companies from entering into any agreement with respect to land in the State of Utah or natural assets on or in such land.

1. Prohibition (a) In general A natural asset company may not enter into any agreement with respect to land in the State of Utah or natural assets on or in such land. (b) Natural asset company defined In this section, the term natural asset company — (1) has the meaning given that term under the notice of the Securities and Exchange Commission titled Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change To Amend the NYSE Listed Company Manual To Adopt Listing Standards for Natural Asset Companies (88 Fed. Reg. 68811; published October 4, 2023); and (2) includes any company that is substantially similar to a company described under paragraph (1).