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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2063 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 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.


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                    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

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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.

    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.
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