Bill > HR1309

This bill aims to prohibit national securities exchanges from trading securities issued by Natural Asset Companies (NACs), which are businesses focused on managing land for environmental conservation, restoration, and sustainable management. Specifically, the bill defines a Natural Asset Company as an organization that holds rights to the ecological performance of a specific land area and has the primary purpose of managing, maintaining, restoring, and growing the value of natural assets and ecosystem services, or conducting activities that do not negatively impact the natural resources in that area. The bill amends the Securities Exchange Act of 1934 to make it unlawful for registered national securities exchanges to effect transactions in securities issued by such companies. This prohibition would effectively prevent NACs from being traded on public stock exchanges, potentially limiting their ability to raise capital and operate. The bill's title, "Protect America's Lands Act," suggests an intention to regulate or restrict certain types of environmental land management businesses from participating in standard financial markets.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1309/all-info