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.

# HR 2063 Summary **What the Bill Would Do** HR 2063 would ban "natural asset companies" from making any agreements involving land or natural resources in Utah. Natural asset companies are business entities that bundle together environmental assets—like water rights, mineral rights, or conservation easements—and sell them as financial instruments. If passed, this bill would prevent these companies from operating in Utah or entering into contracts related to the state's land and natural resources. **Who It Affects** The bill primarily affects natural asset companies seeking to do business in Utah, as well as landowners who might otherwise sell rights to their natural resources to these entities.

It could also impact investors interested in environmental asset investments. Utah residents and the state government would be the intended beneficiaries, as the bill aims to keep control of natural resources within the state rather than allowing external financial entities to own or profit from them. **Current Status** Introduced by Republican Representative Mike Kennedy from Utah's 3rd District, HR 2063 is currently in committee and has not yet been voted on by the full House. The bill reflects growing concerns in some states about outside financial entities controlling natural resources and environmental assets.