| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 941 |
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| 5 | 5 | | To prohibit natural asset companies from entering into any agreement with |
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| 6 | 6 | | respect to land in the State of Utah or natural assets on or in land |
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| 7 | 7 | | in the State of Utah. |
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| 8 | 8 | | IN THE SENATE OF THE UNITED STATES |
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| 9 | 9 | | MARCH11 (legislative day, MARCH10), 2025 |
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| 10 | 10 | | Mr. C |
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| 11 | 11 | | URTIS(for himself and Mr. LEE) introduced the following bill; which |
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| 12 | 12 | | was read twice and referred to the Committee on Energy and Natural |
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| 13 | 13 | | Resources |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To prohibit natural asset companies from entering into any |
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| 16 | 16 | | agreement with respect to land in the State of Utah |
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| 17 | 17 | | or natural assets on or in land in the State of Utah. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. PROHIBITION OF NATURAL ASSET COMPANIES 3 |
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| 21 | 21 | | FROM ENTERING INTO CERTAIN AGREE-4 |
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| 22 | 22 | | MENTS. 5 |
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| 23 | 23 | | (a) D |
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| 24 | 24 | | EFINITION OFNATURALASSETCOMPANY.—In 6 |
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| 25 | 25 | | this section, the term ‘‘natural asset company’’ means— 7 |
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| 26 | 26 | | (1) a corporation that— 8 |
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| 27 | 27 | | VerDate Sep 11 2014 21:32 Mar 25, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S941.IS S941 |
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| 28 | 28 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 29 | 29 | | •S 941 IS |
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| 30 | 30 | | (A) holds the rights to the ecological per-1 |
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| 31 | 31 | | formance of a defined area; and 2 |
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| 32 | 32 | | (B) has the authority to manage the de-3 |
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| 33 | 33 | | fined area for conservation, restoration, or sus-4 |
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| 34 | 34 | | tainable management; or 5 |
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| 35 | 35 | | (2) a company or organization that is substan-6 |
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| 36 | 36 | | tially similar to a corporation described in paragraph 7 |
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| 37 | 37 | | (1). 8 |
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| 38 | 38 | | (b) P |
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| 39 | 39 | | ROHIBITION.—A natural asset company may not 9 |
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| 40 | 40 | | enter into any agreement with respect to— 10 |
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| 41 | 41 | | (1) land in the State of Utah; or 11 |
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| 42 | 42 | | (2) natural assets on or in land in the State of 12 |
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| 43 | 43 | | Utah. 13 |
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| 44 | 44 | | Æ |
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| 45 | 45 | | VerDate Sep 11 2014 21:32 Mar 25, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S941.IS S941 |
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| 46 | 46 | | ssavage on LAPJG3WLY3PROD with BILLS |
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