This bill establishes a new chapter in Wyoming law concerning "natural asset companies," which are defined as entities that hold conservation easements or manage ecological performance rights over specific land areas in Wyoming. The primary objectives of these companies include managing and enhancing the value of natural assets and ecosystem services, as well as conducting activities that do not negatively impact the natural resources in their designated areas.

Importantly, the bill prohibits natural asset companies with conservation easements or defined land areas entirely within Wyoming from selling their credits through national securities exchanges. However, companies with holdings outside of Wyoming are not subject to this restriction. The act will take effect immediately upon the completion of all necessary legislative processes.