What This Bill Does · Plain English
GovGreed Synthesis · AI extraction
This bill prohibits any 'natural asset company'—defined as a corporation or similar organization that holds rights to the ecological performance of a defined area and manages it for conservation, restoration, or sustainable management—from entering into any agreement concerning land or natural assets in the State of Utah.
Action Timeline
2025-03-11
Referred to the House Committee on Natural Resources.
2025-03-11
Introduced in House
2025-03-11
Introduced in House
Frequently Asked Questions
Did HR.2063 pass?
HR.2063 is still alive. Current stage: COMMITTEE. Pass likelihood: 91%.
What does HR.2063 do?
This bill prohibits any 'natural asset company'—defined as a corporation or similar organization that holds rights to the ecological performance of a defined area and manages it for conservation, restoration, or sustainable management—from entering into any agreement concerning land or natural assets in the State of Utah.
Who sponsored HR.2063?
HR.2063 was sponsored by Mike Kennedy (R-Utah).
Full Bill Text
119 HR 2063 IH: 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. U.S. House of Representatives 2025-03-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 2063 IN THE HOUSE OF REPRESENTATIVES March 11, 2025 Mr. Kennedy of Utah introduced the following bill; which was referred to the Committee on Natural Resources A BILL 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. 1. Prohibition of natural asset companies from entering into certain agreements (a) Definition of natural asset company In this section, the term natural asset company means— (1) a corporation that— (A) holds the rights to the ecological performance of a defined area; and (B) has the authority to manage the defined area for conservation, restoration, or sustainable management; or (2) a company or organization that is substantially similar to a corporation described in paragraph (1). (b) Prohibition A natural asset company may not enter into any agreement with respect to— (1) land in the State of Utah; or (2) natural assets on or in land in the State of Utah.
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