Natural Resources
As an attorney, I fought to return control of natural resources to local entities, not far-away federal bureaucrats. I am honored to serve on the Natural Resources committee to continue this work from the halls of Congress. I also have the privilege of chairing the Subcommittee on Indian and Insular Affairs, working with tribal and territorial leaders on issues important to their communities.
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In today's Indian and Insular Affairs hearing, my subcommittee interviewed multiple elected officials from the territories of American Samoa and Guam as we consider two unique bills that address the unique standing of these insular areas within the United States government. I'm extremely grateful for those who travelled halfway across the world to share their views and experiences with Congress as we seek to create the best outcomes possible for our nation.
For too long, tribal identification documents have been valid forms of ID for airports, purchasing alcohol, and even to vote. Yet these IDs do not allow their holders to legally purchase firearms. H.R. 1709, the Tribal Firearms Access Act, will reconcile this, allowing members of federally-recognized tribes to use their tribal IDs for purchasing firearms under the Second Amendment. I'm proud to announce that this bill passed out of the Judiciary Committee with unanimous support.
Washington, DC – Today, the Securities and Exchange Commission issued a statement that the New York Stock Exchange (NYSE) was withdrawing a proposed rule change which would have allowed the Exchange’s listing of Natural Asset Companies (NACs). This proposal was of questionable legality and would allow for the buying and selling of undefined “rights” to certain private and public lands, including to foreign nations and noncitizens, to terminate and prevent all economic activity on such properties.
Washington, DC – Today, the House Committee on Natural Resources advanced two bills sponsored by Congresswoman Harriet Hageman. H.R. 1246, to authorize leases of up to 99 years for land held in trust for federally recognized Indian tribes, and H.R. 5482, the “Energy Poverty Prevention and Accountability Act of 2023.” Both bills will now be scheduled for a vote of the whole House of Representatives.
Washington, DC – Rep. Hageman issued the following statement on the upcoming deadline for comment on the Bureau of Land Management’s disastrous proposed Rock Springs Resource Management Plan (RMP):
A Securities and Exchange Commission proposal to allow investors to buy and sell stocks for the purpose of land conservation is being blasted by a number of Wyoming political leaders.
Wyoming Attorney General Bridget Hill and 24 other state attorneys general sent a letter Tuesday to the SEC outlining their opposition to the proposed rule, calling it illegal and an economic threat.
The SEC proposal would let investors buy into stock market companies trading on the New York Stock Exchange for the purpose of protecting nature — including public lands — and making money.
Quietly, on September 29, 2023, the Securities and Exchange Commission, at the request of the New York Stock Exchange, proposed a rule to create a new type of company called a Natural Asset Company (NAC). According to the proposed rule, a NAC would “hold the rights to ecological performance,” giving these companies license to control the management of both public and private lands through quantifying and monetizing natural outputs such as air and water. In other words, NACs would use the air you breathe as currency.
Washington, DC – Today, the Securities and Exchange Commission (SEC) announced an extension of the public comment period for Natural Asset Companies (NACs) and provided additional information on these proposed NACs.