Bill · H.R. 2063· House(119-HR-2063)
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.
- Introduced
- 3/11/2025
- Last activity
- 3/11/2025 — Referred to the House Committee on Natural Resources.
- Sponsored by
- Mike Kennedy
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill seeks to prohibit natural asset companies from entering into any agreements regarding land located within the State of Utah. It also prohibits these companies from making agreements regarding natural assets found on or in Utah land. A natural asset company is defined as a corporation that holds rights to the ecological performance of an area and has management authority for conservation, restoration, or sustainable management. This definition also includes organizations substantially similar to such a corporation. The bill was introduced by Mr. Kennedy of Utah.
Who it would affect, and how
Potential Positive Impacts for People
- Prevention of Agreements: By prohibiting natural asset companies from entering into agreements with respect to land in the State of Utah or natural assets on or in land in the State of Utah, the bill prevents these specific entities from establishing such contracts (Section 1, subsection b).
Potential Negative Impacts for People
- Restrictions on Natural Asset Companies: The bill prevents corporations that hold rights to the ecological performance of a defined area and have authority to manage it for conservation, restoration, or sustainable management from entering into agreements regarding land or natural assets in Utah (Section 1, subsection a and b).
- 3/11/2025
- Referred to the House Committee on Natural Resources.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.