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House Republicans open probe into Biden admin for opening public lands to foreign ownership
Fox News
FIRST ON FOX: House Republican leaders announced they are opening an investigation into the Biden administration over its attempt to open public lands to private ownership.
Thomas Catenacci is a politics writer for Fox News Digital.
NACs are a type of company that is chartered to "protect, restore and grow the natural assets under their management to foster healthy ecosystems," according to the Intrinsic Exchange Group, which collaborated with the NYSE to develop the new corporate taxonomy. If finalized, the rule would allow NACs to be traded publicly.
"The Committee is deeply concerned with the potential impact NACs may have on the management of federal lands, effective conservation of wildlife habitat, and responsible development of natural resources," the House Republicans wrote in their letter, which was addressed to SEC Chairman Gary Gensler and Haoxiang Zhu, the director of the SEC's Division of Trading and Markets.