HR 7494 · 118th Congress 2023–2025, ended

Protect America’s Lands Act

Introduced Feb 29, 2024 Originated House Sponsor Mark E. Green R-TN

Fact sheet Spreadsheet

Latest action · Feb 29, 2024 Referred to the House Committee on Financial Services.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 29, 2024
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Protect America’s Lands Act

This bill prohibits national securities exchanges from allowing the trade of securities issued by natural asset companies. Natural asset companies are companies that oversee land for conservation, restoration, or for the sustainable management of the natural resources and ecosystem services on that land.

Cosponsors 35

Members who signed on, in the order they did. Signatures ran from Feb 29, 2024 to May 21, 2024; 27 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-WVAlexander X. MooneyOriginalFeb 29, 2024
R-TNAndrew OglesOriginalFeb 29, 2024
R-FLByron DonaldsOriginalFeb 29, 2024
R-NCChuck EdwardsOriginalFeb 29, 2024
R-LAClay HigginsOriginalFeb 29, 2024
R-NCDan BishopOriginalFeb 29, 2024
R-WADan NewhouseOriginalFeb 29, 2024
R-CODoug LambornOriginalFeb 29, 2024
R-WYHarriet M. HagemanOriginalFeb 29, 2024
R-INJim BanksOriginalFeb 29, 2024
R-UTJohn R. CurtisOriginalFeb 29, 2024
R-MIJohn R. MoolenaarOriginalFeb 29, 2024
R-TXKeith SelfOriginalFeb 29, 2024
R-COLauren BoebertOriginalFeb 29, 2024
R-ILMary E. MillerOriginalFeb 29, 2024
R-MTMatthew M. Rosendale, Sr.OriginalFeb 29, 2024
R-TXMichael CloudOriginalFeb 29, 2024
R-MNMichelle FischbachOriginalFeb 29, 2024
R-ILMike BostOriginalFeb 29, 2024
R-TXPete SessionsOriginalFeb 29, 2024
R-MNPete StauberOriginalFeb 29, 2024
R-SCRalph NormanOriginalFeb 29, 2024
R-KSRon EstesOriginalFeb 29, 2024
R-IDRuss FulcherOriginalFeb 29, 2024
R-MTRyan K. ZinkeOriginalFeb 29, 2024
R-TNTim BurchettOriginalFeb 29, 2024
R-OHWarren DavidsonOriginalFeb 29, 2024
R-INJames R. BairdMar 5, 2024
R-MSMichael GuestMar 8, 2024
R-AZElijah CraneMar 11, 2024
R-NCRichard HudsonMar 11, 2024
R-KSTracey MannMar 11, 2024
R-ORCliff BentzMar 15, 2024
R-CADarrell IssaApr 9, 2024
R-VABen ClineMay 21, 2024

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Feb 29, 2024

Actions 2

Everything that happened, newest first.

  1. Feb 29, 2024Introduced in House
  2. Feb 29, 2024Referred to the House Committee on Financial Services.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8 of the Constitution. The single subject of this legislation is: This bill will stop the SEC from implementing the proposed rule or future similar rules that would allow Natural Asset Companies to list their assets on the NYSE or any other securities exchange.

The sponsor’s statement, as printed in the Congressional Record, vol. 170, no. 37, February 29, 2024, page H773.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 3840Protect America’s Lands ActRelated billFeb 29, 2024

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Securities Exchange Act of 1934 to prohibit exchanges from effecting transactions in securities issued by natural asset companies, and for other purposes.
Short Title(s) as Introduced
Protect America’s Lands Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Feb 29, 2024Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.