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Ban on Natural Asset Companies in Utah

This new bill aims to prohibit so-called natural asset companies from entering into any agreements regarding land or natural assets in the state of Utah. This means that entities designed to manage ecological performance for conservation or restoration purposes will not be able to operate within Utah. This impacts how land and its resources are managed in the state.
Key points
The bill introduces a complete ban on Natural Asset Companies in Utah.
These companies will be prohibited from entering into agreements concerning land or natural assets in Utah.
The goal is to protect land and natural resources from management by external entities that could influence their use.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2063
Sponsor: Rep. Kennedy, Mike [R-UT-3]
Process start date: 2025-03-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

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 land in the State of Utah.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2063.

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 2025-03-11.

What are the main provisions?

Key points include:

  • The bill introduces a complete ban on Natural Asset Companies in Utah.
  • These companies will be prohibited from entering into agreements concerning land or natural assets in Utah.
  • The goal is to protect land and natural resources from management by external entities that could influence their use.
What is the specific legal status?

The current status is Introduced.

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. Kennedy, Mike [R-UT-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Natural Resources.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Environment Real Estate