NACs

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RED ALERT – SEC Proposes to List “Natural Asset Companies” on Wall Street.

by | Nov 2, 2023 | NACs | 0 comments

We have been traveling non-stop for the past three weeks to quickly get key local, state and federal elected leaders educated on the Biden Administration’s scheme to list America’s natural assets on the New York Stock Exchange. 

We’ve met with leaders in Washington, D.C., locally elected officials and landowners in New Mexico, and State Senator’s in Oklahoma.

Senator Pete Ricketts (R-NE) has already fired off a letter to the SEC.  Rep. Harriet Hageman (R-WY) has an amendment filed that will defund the SEC Proposed Rule!

This is an issue very few Americans know about, which is intentional. But ASL has been following this closely since September of 2021, and have been keeping key partners updated.

Today, we need to mobilize Americans! Please answer the CALL TO ACTION!

SEC Issues Proposed Rule Creating “Natural Asset Companies on Wall Street.”

On Wednesday, October 4, 2023, the Securities and Exchange Commission (SEC) filed notice of a proposed rule to create Natural Asset Companies (NACs) allowing just 21 days to comment.

Normally, there is a 45 to 90-day comment period, but this was done quietly and quickly making it appear as though they wanted no one to notice.  But we did!

If this rule is approved, it will allow investors such as Blackrock, Bill Gates, and possibly even China to hold the ecosystem rights to the land, water, air, and natural processes of the properties enrolled in NACs — including our National Parks!  It also conveys “management authority” to the NAC for all the assets enrolled.

Use of these resources for economically beneficial purposes are strictly prohibited. This includes mining, oil and gas development, or any other activity that can be arbitrarily defined as “unsustainable.”

NACs are the way elite investors plan to profit from the protected lands created by Biden’s 30×30 agenda. If the SEC finalizes this rule, NACs will harm America’s national security while destabilizing our economy.

Listen to Gabriella Hoffman and Margaret Byfield Break this all Down on the District of Conservation Podcast

Here are the Key Points You Need to Know:

1.  SEC Proposed Rule Authorizes Federal Lands, Including National Parks, to be Enrolled into NACs.

2.  Proposed Rule Gives “Management Authority” to the NAC.

3.  The Biden Administration is Preparing to Enroll the Federal Lands into NACs.

4.  Proposed Rule Invites Foreign Interests to Invest in an NAC.

5.  Land Trusts can Enroll Conservation Easements without Landowner’s Permission.

6.  Exclusive Rights to Natural Processes will be Arbitrarily Monetized and Assigned to NACs Creating Market Distortions.

7.  Protection of the Resources is Prioritized over Human Flourishing.

What Lands Can Be Enrolled in a NAC?

  • National Parks
  • National Wildlife Refuges
  • Wilderness Areas
  • Areas of Critical Environmental Concern (ACECs)
  • Conservation Areas Engulfing Private Lands
  • Conservation Leases on Federal Lands
  • Conservation Easements on Private Lands
  • Private Lands Enrolled by Landowner

Examples of Other Lands That Meet the Definition and May Qualify:

  • Endangered Species Critical Habitat
  • Conservation Reserve Program (CRP)

Here is What Key Leaders are Doing to Confront NACs:

On September 25th, the stellar legal team we partnered with submitted substantive comments before the comment window closed.  There were robust comments filed by ASL, Committee for a Constructive Tomorrow, Kansas Natural Resource Coalition, Financial Fairness Alliance and Blue Ribbon Coalition.

Our Media Team has been alerting key publications, so watch for some great Op-Ed’s and investigative reports coming from major outlets.

Senator Pete Ricketts has sent a letter to the SEC requesting answers. He was joined by Idaho Senator’s Risch and Crapo.

Representative Harriet Hageman filed an amendment to defund the SEC proposed rule.

On Tuesday, Margaret Byfield testified before a special Senate Hearing in Oklahoma. And last week she toured New Mexico explaining NACS and how they will impact landowners.

And … there is much more in the works.  Stay tuned to future updates.

Download OK Testimony

Watch OK Hearing (NAC comments start approximately 30 minutes into discussion)

What You Can Do Today:

1.         Call your U.S. Representative and Ask them to Support Rep. Hageman’s Amendment to Defund the SEC Proposed Rule

The Appropriations bill, which funds the activities of the Security Exchange Commission, will be taken up on the House floor in the next few weeks.  Rep. Harriet Hageman (R-WY) has submitted Amendment #109 to be considered in the Rules Committee before the floor vote. Call your Congressman today and ask them to support an amendment that defunds the SEC proposed rule authorizing NAC’s in the Fiscal Year 2024 Financial Services and General Government Bill.

If your Representative is on the Rules Committee, ask them to support Amendment #109.

Rules Committee Members

2. Request SEC Extend the Comment Period

Even though the SEC comment period has closed, you can still submit a comment of opposition. We recommend you request they either disprove the rule or extend the comment period to give Americans the opportunity to weigh in on the NAC fleecing of our property rights.  The Proposed Rule states the SEC will make its decision on or after November 17th.  We have a tight window to call on them to reject the NAC listing.

Read Comments and Request Extension Here

3.         Get your Community Educated

            *          Share this email with your lists

            *          Schedule ASL to Speak to Your Associations (we will come to your community!)

            *          Become a NAC expert and help your elected leaders oppose the conservation vehicles that can be used to enroll your lands in a NAC.

Download 2 Page Fact Sheet

Download Issue Backgrounder

Please take one or all of these actions today!  We have a Republic to Save and no time to lose!

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