Congressman Flood Applauds Decision to Scrap Natural Asset Company Rule

WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood issued a statement following news the New York Stock Exchange has withdrawn a rule that would have allowed for the creation of Natural Asset Companies (NAC). Among other things, NACs would have been able to control national parks and other public lands, which have traditionally been managed by federal, state, and local agencies.

“Natural Asset Companies were the dream of radical environmentalists who want to see more of America’s land locked away from ag producers, recreators, and everyday Americans. This tool would have helped President Biden make progress in achieving his 30 x 30 land grab. I am pleased the New York Stock Exchange has withdrawn the proposal. We cannot allow our financial system to be weaponized by activists. Scrapping the plan to list NACs on public exchanges helps protect the integrity of our capital markets for investors and ensures our public lands do not fall into the hands of foreign actors.”