The Protect America's Lands Act would prohibit stock exchanges from trading securities issued by "natural asset companies"—entities that hold rights to the ecological performance and ecosystem services of specific land areas and manage them for conservation or sustainable purposes. The bill amends the Securities Exchange Act of 1934 to make it unlawful for registered national securities exchanges to effect transactions in such securities, effectively blocking these companies from raising capital through public stock markets. The legislation would affect natural asset companies and any companies they control or are controlled by, as well as investors interested in this emerging asset class. There is no specific funding mechanism or timeline mentioned in the bill text. The bill was introduced in February 2025 and referred to the House Committee on Financial Services.
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