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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 941 Introduced in Senate (IS)]
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119th CONGRESS
1st Session
S. 941
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.
_______________________________________________________________________
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.
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