119 S941 IS: 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. U.S. Senate 2025-03-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 941IN THE SENATE OF THE UNITED STATESMarch 11 (legislative day, March 10), 2025Mr. Curtis (for himself and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural ResourcesA BILLTo 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.

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.