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S941119th CongressWALLET

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 land in the State of Utah.

Sponsored By: Senator John Curtis

Introduced

Summary

Would ban agreements by natural asset companies that concern land or natural assets in Utah. It defines a “natural asset company” as a corporation that holds rights to an area’s ecological performance and can manage that area for conservation, restoration, or sustainable management, or an organization substantially similar to such a corporation. The prohibition covers any agreement about land in Utah or natural assets on or in Utah land. The text provides no stated exemptions, no enforcement or penalty provisions, and no federal implementation, phase‑in, or sunset rules.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Ban on natural asset deals in Utah

This bill would bar natural asset companies from making any agreement about land in Utah. It would also bar agreements about natural assets on or in Utah land. A "natural asset company" would mean a firm that holds rights to an area's ecological performance or manages land for conservation, restoration, or sustainable management, or a similar organization. The bill text does not list exemptions, penalties, or an effective date. If enacted, this could reduce options for some Utah landowners who planned conservation‑finance deals. It could also protect landowners from certain corporate conservation agreements.

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Sponsors & CoSponsors

Sponsor

John Curtis

UT • R

Cosponsors

  • Sen. Lee, Mike [R-UT]

    UT • R

    Sponsored 3/11/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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