The Securities Exchange Commission (SEC) has withdrawn a controversial proposal that would have allowed Natural Asset Companies to be listed on the New York Stock Exchange, granting them private management authority over federal lands. This decision, announced between January 18 and 19, 2024, comes after significant pushback from lawmakers, including Rep. Rosendale, who highlighted his role in protecting Montana farmers from 'D.C. Cartel land grabs', Senator Risch, who called it a 'disastrous proposal', and Rep. Simpson, who referred to it as a 'flawed proposal'. The proposal was seen as a threat to public lands and faced opposition for potentially enabling foreign investment from adversaries like China and Russia into companies that could lock up federal lands. Critics, including members of the Western Caucus and the Independent Women's Forum's Center for Energy & Conservation, hailed the withdrawal as a victory against the encroachment of 'radical Green New Deal activists' into the financial system and a protection of public lands from being used to support fossil fuel interests, including 'Carbon Capture and Storage projects'.
I am proud to be a part of this HUGE win for Idaho! The SEC has withdrawn their proposed rule to allow Natural Asset Companies to be listed on the New York Stock Exchange after I, along with many of my @westerncaucus colleagues, sent a letter to the SEC opposing the rule.
Our public lands are sacred and cannot be sacrificed as a life support for fossil fuels. I led my colleagues in opposing the @forestservice's proposed rule allowing unprecedented rights for Carbon Capture and Storage projects in national forests. https://t.co/LzRF7EctRr
The @NYSE's Natural Asset Company proposal would have limited production and resource development on public lands. Abandoning this proposal is a win to keep radical Green New Deal activists away from our financial system. https://t.co/rCmurBvrTG
Major victory as we successfully pressured the SEC to drop its new rule that would have allowed China, Russia, and other foreign adversaries to invest in companies whose sole purpose was to lock up federal lands and prevent energy development, farming, mining, and logging! We…
We at @IWF's Center for Energy & Conservation are celebrating the @SECGov withdrawing its misguided Natural Asset Company listing rule! I enjoyed teaming up with @ASL_Liberty, @westerncaucus, & other stakeholders to fight this. Here's a recap 👇https://t.co/52EepFoGNq
Huge WIN for Idaho. This flawed proposal to give Natural Asset Companies private management authority over federal lands would have had significant consequences. I was pleased to join a letter in opposition. https://t.co/Oc49EcvYJp
Following my letter to the @SEC, the New York Stock Exchange has withdrawn its disastrous proposal to give Natural Asset Companies private management authority over federal lands. This management tactic would have significant, irreversible consequences. https://t.co/6akSUDwx7I
A proposal by the banking agencies’ long-term debt (LTD) requirements is misguided, fundamentally flawed, endanger retail investors, and should be withdrawn. As proved by the second, third, and fourth largest bank failures in history last year, too-big-to-fail banks still…
The Securities Exchange Commission’s decision to withdraw their Natural Asset Companies rule is a major win for Montana farmers. I am proud that my comments played an instrumental role in protecting their land from D.C. Cartel land grabs. https://t.co/Ny5RZRalPp