Protect America’s Lands Act

S 3840 (Protect America’s Lands Act) prohibits national securities exchanges from processing transactions in securities issued by "natural asset companies." These are companies that manage land for conservation, restoration, or sustainable use of natural assets (like forests or wetlands) and ecosystem services (such as clean water or carbon absorption), without harming natural resources. The bill directly affects these conservation-focused companies and securities exchanges, banning exchanges from facilitating trades in their stocks or bonds. It creates a specific regulatory barrier for this emerging investment sector without altering broader securities rules. The law focuses on restricting how these natural asset investments can be traded, not on the conservation activities themselves.