Tennessee U.S. Representative Mark Green (R-TN-07) will reintroduce legislation on Thursday aimed at protecting American land.
The bill, known as the Protect America’s Lands Act, would prevent the Securities and Exchange Commission (SEC) from creating Natural Asset Companies (NACs) — or proposed for-profit corporations intended to maximize the value of natural assets and their production on public or private lands — according to a copy of bill obtained exclusively by the Daily Caller News Foundation. Notably, NACs have come under scrutiny over claims that they could potentially lead to foreign adversaries gaining control of valuable land resources in the U.S., and harming rural economies like those based on agriculture.
