Republicans on the House Natural Resources Committee have launched an investigation of the Biden Administration’s proposal to open public lands to private ownership, which includes the possibility of foreigners buying such land.
According to Fox News, the effort is being led by Chairman Bruce Westerman (R-Ark.), who informed the Securities and Exchange Commission (SEC) of the investigation’s launch. The proposed rule change from the SEC would allow for a new type of public company, referred to as Natural Asset Companies (NACs), to trade on the New York Stock Exchange (NYSE).
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