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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.
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.
Summary
This bill prohibits natural asset companies from entering into any agreements involving land or natural assets in the State of Utah. Natural asset companies are defined as corporations that hold rights to the ecological performance of a defined area and have authority to manage it for conservation, restoration, or sustainable management, or similar companies. The prohibition prevents these entities from making agreements with respect to any land located in Utah or any natural assets on or in such land. The bill effectively restricts the activities of natural asset companies within Utah's borders.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Kennedy, Mike [R-UT-3] (R-UT)
Actions (2)
- Mar 11, 2025 Referred to the House Committee on Natural Resources. · house
- Mar 11, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
March 11, 2025
Mr. Kennedy of Utah 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 land in the State of Utah.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. PROHIBITION OF NATURAL ASSET COMPANIES FROM ENTERING INTO CERTAIN AGREEMENTS.
(a) Definition of Natural Asset Company.—In this section, the term “natural asset company” means—
(1) a corporation that—
(A) holds the rights to the ecological performance of a defined area; and
(B) has the authority to manage the defined area for conservation, restoration, or sustainable management; or
(2) a company or organization that is substantially similar to a corporation described in paragraph (1).
(b) Prohibition.—A natural asset company may not enter into any agreement with respect to—
(1) land in the State of Utah; or
(2) natural assets on or in land in the State of Utah. <all>
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