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Committee advances bill restricting ‘natural asset’ companies; amendment narrows definition to avoid affecting conservation programs
Summary
The House Agriculture Committee voted to advance House Bill 1453 after approving an amendment that narrows the bill’s definition of activities by natural asset companies.
The House Agriculture Committee voted to advance House Bill 1453, a measure aimed at restricting so-called "natural asset" companies and certain contracts involving them, after approving an amendment that narrows the bill’s definition.
Representative Hoke, who led the committee discussion on the amended language, said the key change is adding the phrase "and monetize the value of natural assets." He told members the qualifier is intended to make the definition an "and" clause so that common conservation activities would not be swept in: "So when we're talking about a USDA CRP program or a Ducks Unlimited program, they're not monetizing the natural asset ... that's not how…
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