Proposed natural asset companies rule withdrawn by Biden Administration
Following strong opposition, it was revealed last week that the Biden administration has suddenly withdrawn a proposal that would have opened public lands to private ownership. At the Mohave County Board of Supervisor’s first board meeting in January, the County Supervisors were prominent voices against a proposed rule by the Security and Exchange Commission (SEC) that would have authorized the listing of “Natural Asset Companies” (NACs) as a novel investment vehicle on the New York Stock Exchange. Supervisor Buster Johnson brought the item forward for the Board’s consideration after digging deeper into what this proposed rule meant. “I’m delighted to learn that the…
