Protect Wyoming's Lands Act.

HB 93, titled "Protect Wyoming's Lands Act," prohibits natural asset companies with conservation interests in *entirely Wyoming-based land* from selling their ecological credits through national securities exchanges (like stock markets). It defines "natural asset companies" as entities managing Wyoming land for conservation, restoration, or sustainable use, whose primary purpose is maintaining natural assets or ecosystem services. The law does not restrict selling credits for land outside Wyoming. This bill regulates the *trading mechanism* of conservation credits, not land use or direct environmental protections. (Bill: HB 93, 2025 Wyoming Legislative Session)