The New York Stock Exchange (NYSE) has withdrawn its application to the U.S. Securities and Exchange Commission (SEC) for the approval of Natural Asset Companies (NACs), which would have securitized the removal of land from human use. The withdrawal follows a concerted effort by state officials, congress members, and various stakeholders who raised concerns about the potential for NACs to restrict land use for mining, grazing, and other activities on private and public lands. The pushback included a letter from Senator Lummis and Representative Newhouse, as well as comments from other representatives and state attorneys general, citing the need to protect landowners' rights and prevent foreign entities from gaining control over natural resources. The SEC has also withdrawn its proposed rule regarding the listing of NACs.
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
There are thousands of abandoned mines in Utah and leaving them open poses threats to drinking water and recreational safety. It’s good news that our legislation to remove the hurdles for cleaning up these mines passed unanimously out of committee today. https://t.co/JQaSPyYGEx
Following my letter to the @SEC, the New York Stock Exchange has withdrawn its disastrous proposal to give Natural Asset Companies private management authority over federal lands.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
New York Stock Exchange Abandons Plan to Control America’s Natural Resources https://t.co/mIb0CzE0H9
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
🚨Another BIG win for Tennesseans The NYSE has withdrawn its natural asset companies proposal (ESG 2.0): https://t.co/NMchyAxXh5 We proudly joined @UtahAG, @KSAGOffice, and other states in challenging it to protect consumers, Tennessee’s financial interests, & the Constitution. https://t.co/AP65zkngVF
Following a letter I sent today with @RepNewhouse, the NYSE withdrew its request for NACs to be listed on the exchange. This would have allowed NACS to block mining, grazing and other uses on private and public lands. This is a massive win for Wyoming. https://t.co/J7qMxuPkoU
I'm pleased the SEC has withdrawn this rule and appreciate the great work of @MarloOaks to lead on this issue to prevent the lockup of Utah's public lands. I'll soon introduce legislation to ensure the SEC can’t impact Utah with any similar action. https://t.co/0fwM0o3bkR
Breaking: We did it! A huge win- the NYSE withdraws its proposal to list NACs because of all of your work! Now, we must make sure NACs can't raise $ elsewhere and are not allowed as a company format. We must pressure Congress. Thanks to all who submitted + @GlennBeck,… https://t.co/LajRb9ZFGW
.@SECGov withdraws its proposed Natural Asset Companies listing rule. VICTORY! https://t.co/6eUuYBmhQq https://t.co/gyT3wTv6yO
WITHDRAWN! NYSE has withdrawn the proposed rule to list OUR natural resources as NACs for the profit and holding by foreign adversaries, individuals, & corporations. Thank you to @ASL_liberty and the 1,000s who commented to oppose! We must stay diligent to stop this for good!
.@SECGov withdraws its proposed Natural Asset Companies list rule. VICTORY! https://t.co/6eUuYBmPFY https://t.co/OWYePY4OK0
🚨 BREAKING: @NYSE withdraws SEC proposal for NACs after @SFOF_States officials expose the dangers of NACs. READ 👇 https://t.co/jwsW2v0Fye #StopNACs #LookToTheStates https://t.co/p0o5okdmHs
Huge win against the climate scam: The @NYSE has just withdrawn its application to @SECGov for approval of NACs -- a scheme to securitize the removal of land from human use. https://t.co/61iUnPLBF7 Scam described: https://t.co/stkt1sMrh2 https://t.co/O3TjIlADVN