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119-hr-2063119th CongressWALLET

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: Representative Kennedy, Mike [R-UT-3]

Introduced

Summary

A ban on "natural asset companies" making agreements tied to Utah land.

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The bill would define a "natural asset company" to include a corporation that holds rights to an area's ecological performance and manages that area for conservation, restoration, or sustainable management, plus entities substantially similar to such corporations. It would bar those companies from entering any agreement about land in the State of Utah or natural assets on or in land located in the State of Utah.

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Bill Overview

Analyzed Economic Effects

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

No Utah land deals by natural asset companies

If enacted, natural asset companies would be barred from entering any agreement about land or natural assets in Utah. The bill defines these firms as entities that hold rights to an area’s ecological performance and manage it for conservation, restoration, or sustainable use. This would apply only to land and natural assets located in Utah. The text provides no exemptions, penalties, enforcement details, or start date. If you own land in Utah, these companies would not be able to contract over your land’s natural assets.

Sponsors & CoSponsors

Sponsor

Kennedy, Mike [R-UT-3]

UT • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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