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Utah Ban on Natural Asset Companies: Protecting Land and Resources

This new bill prohibits natural asset companies from entering into any agreements regarding land or natural assets within the state of Utah. The aim is to protect local resources from commercial exploitation by such entities, potentially impacting land management and accessibility for residents.
Key points
Natural asset companies are prohibited from making agreements concerning land or natural assets in Utah.
The bill aims to protect Utah's natural resources from specific types of commercial entities.
The definition of a natural asset company refers to Securities and Exchange Commission (SEC) guidelines.
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Expired
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Additional Information
Print number: 118_HR_7006
Sponsor: Rep. Curtis, John R. [R-UT-3]
Process start date: 2024-01-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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 such land.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7006.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-01-17.

What are the main provisions?

Key points include:

  • Natural asset companies are prohibited from making agreements concerning land or natural assets in Utah.
  • The bill aims to protect Utah's natural resources from specific types of commercial entities.
  • The definition of a natural asset company refers to Securities and Exchange Commission (SEC) guidelines.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Curtis, John R. [R-UT-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Federal Lands.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Environment Real Estate Economy