Latest News
By Federal Newswire | Jan 19, 2024
The U.S. Securities and Exchange Commission (SEC) has issued a public notice stating that the New York Stock Exchange (NYSE) has withdrawn the proposed rule to approve the creation of "Natural Asset Companies" (NACs) on Wall Street. NACs were conceived as a means for investors and governments to generate earnings from protecting natural resources associated with climate crisis policies.
By Federal Newswire | Jan 15, 2024
Wyoming Secretary of State, Chuck Gray, has voiced his objection to the Securities and Exchange Commission's (SEC) proposed rule change permitting the listing of "natural asset companies" (NACs) on the New York Stock Exchange (NYSE). Gray is the first Secretary of State to officially oppose NACs.
By Federal Newswire | Jan 11, 2024
Utah's Attorney General, Sean D. Reyes, has led a comment letter on behalf of 25 states to the U.S. Securities and Exchange Commission (SEC) regarding a recent proposed rule change. This change would permit the New York Stock Exchange (NYSE) to list "Natural Asset Companies" (NACs) on the exchange for public interest. The letter was published on January 9, following the SEC's decision to reopen the comment period on the proposed rule change.
By Federal Newswire | Jan 11, 2024
David L. Kanagy, the executive director and CEO of the Society for Mining, Metallurgy, and Exploration (SME), has expressed his concerns to the Securities and Exchange Commission (SEC) regarding the proposed Natural Asset Company (NAC) rule. In a recent letter to Sherry R. Haywood, assistant secretary of the SEC, Kanagy argued that the proposed rule is against public interest as it would increase reliance on foreign minerals and mining.
By Federal Newswire | Jan 9, 2024
The Biden Administration has recently unveiled the Landsat 2030 Initiative, a project aimed at gathering data on Earth's natural features. However, the initiative has faced criticism as it could potentially be used to categorize lands as Natural Asset Companies (NACs), according to an article from the American Stewards of Liberty (ASL).
By Federal Newswire | Jan 9, 2024
President Joe Biden's 30x30 plan has successfully conserved 24 million acres of land over the past three years, with an addition of 12.5 million acres to Federal lands in 2023 alone. A recent article from the American Stewards of Liberty (ASL) reveals that Biden has also increased his conservation spending, allotting $18 billion to conservation projects.
By Federal Newswire | Jan 8, 2024
Recently, hundreds of new groups have submitted comments to the Securities and Exchange Commission (SEC), expressing their opposition to the New York Stock Exchange's (NYSE) Proposed Rule Change to Natural Asset Companies (NACs). Among these opposing entities are grassroots organizations such as the Texas Farm Bureau, the Women’s Mining Coalition (WMC), and the Allegheny Forest Alliance (AFA).
By Federal Newswire | Jan 3, 2024
The Securities and Exchange Commission (SEC) has issued an official announcement, indicating the reopening of comments on the proposed rule for Natural Asset Companies (NAC). The extended deadline for submitting comments is now set for January 18.
By Federal Newswire | Jan 3, 2024
A recent report by the Property and Environment Research Center (PERC) explores how international visitors to U.S. national parks could contribute additional revenue needed for maintenance and care of these sites. The report suggests that a modest surcharge on entry fees for international tourists could significantly boost funding.
By Federal Newswire | Dec 21, 2023
Julia McCray, the executive director of Allegheny Forest Alliance (AFA), recently expressed her concerns regarding the proposed Natural Asset Company (NAC) rule, which is currently under consideration by the Securities and Exchange Commission (SEC). She called upon Americans to oppose this rule, describing it as a "boot on the throat" of small communities.
By Federal Newswire | Dec 21, 2023
The Club for Growth Foundation, an organization known for advocating economic freedom and limited government, has expressed concerns to the Securities and Exchange Commission (SEC) regarding a proposed rule change sought by the New York Stock Exchange (NYSE). The proposed rule pertains to Natural Asset Companies (NACs), and the Foundation argues that this could cause the SEC to deviate from its mission as established by Congress in the Securities Exchange Act of 1934.
By Federal Newswire | Dec 18, 2023
In a letter addressed to Securities and Exchange Commission (SEC) Chairman Erik Gerding, Congresswoman Harriet M. Hageman, along with thirty-one U.S. House Members, expressed deep concern over the SEC's proposed rule to approve the New York Stock Exchange's (NYSE) listing of Natural Asset Companies (NACs). The letter outlined the intricate nature of the proposal and raised critical questions regarding its potential impact on public and private lands.
By Federal Newswire | Dec 15, 2023
The American Stewards of Liberty (ASL), a nonprofit organization, recently disclosed that US Representative Nick Langworthy (R-NY) introduced his Defense of Property Rights Act earlier this week. The ASL press release states that the bill is aimed at addressing private property rights under the Fifth Amendment.
By Federal Newswire | Dec 15, 2023
Ben Burr, Executive Director of BlueRibbon Coalition, recently informed the Federal Newswire that both members and supporters of the coalition are in opposition to a proposed rule that would establish a new investment entity known as the Natural Asset Company (NAC). The Securities and Exchange Commission (SEC) is currently considering this rule.
By Federal Newswire | Dec 14, 2023
A new report by Rob Gordon of the Western Caucus Foundation has uncovered discrepancies within the Endangered Species Act (ESA) as the landmark legislation nears its 50th anniversary. The report, published on Dec.13 and titled The Endangered Species Act at 50, exposes serious flaws in the program's claims of species recovery.
By Federal Newswire | Dec 13, 2023
Utah Treasurer Marlo M. Oaks has voiced strong opposition to a proposed initiative by the Securities and Exchange Commission (SEC) that may pave the way for the formation of a Natural Asset Company (NAC) on the New York Stock Exchange (NYSE). In a press release issued on December 11, Oaks expressed grave concern over the proposal's potential to significantly affect rural economies and public lands.
By Federal Newswire | Dec 12, 2023
The commissioners of Garfield County, Colorado, have formally communicated their concerns about the proposed Natural Asset Company (NAC) ruling to Vanessa Countryman, the secretary of the Securities and Exchange Commission (SEC). The letter outlines two primary objections to the rule currently under consideration by the SEC.
By Marlo Oaks | Dec 11, 2023
Hijacking corporate finance to advance political agendas has taken a new and alarming turn. After the briefest of comment periods, the Securities and Exchange Commission (SEC) is considering a far-reaching rule change that will dramatically alter the ownership and use of public and private land in the United States.
By Federal Newswire | Dec 11, 2023
Roger Marzulla was Assistant Attorney General for Environment and Natural Resources at the Department of Justice, and past President of the Mountain States Legal Foundation. He is coauthor with his wife of “Property Rights: Understanding Takings and Environmental Regulation.”
By Federal Newswire | Dec 6, 2023
A lawsuit filed by four Utah plaintiffs challenging the Biden Administration's recent monument designations was joined last month by Arizona legislative leadership. The parties in Utah filed the lawsuit in 2022 over the practical consequences of these proclamations harming various groups, including local businesses, miners, ranchers, and Native Americans.
