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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.
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 located in the State of Utah. A natural asset company is defined as a corporation or similar organization that holds rights to the ecological performance of a defined area and has authority to manage that area for conservation, restoration, or sustainable management purposes. The prohibition applies broadly to any agreement a natural asset company might enter into regarding Utah land or natural assets, without specifying exceptions or particular types of agreements. The bill does not address natural asset companies operating in other states or define what constitutes an "agreement" under the prohibition.
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)
- Sen. Curtis, John R. [R-UT] (R-UT)
1 cosponsor
- Sen. Lee, Mike [R-UT] (R-UT)
Actions (2)
- Mar 11, 2025 Read twice and referred to the Committee on Energy and Natural Resources. · senate
- Mar 11, 2025 Introduced in Senate
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.
Full text
IN THE SENATE OF THE UNITED STATES
March 11 (legislative day, March 10), 2025
Mr. Curtis (for himself and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Energy and 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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