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. These companies are tasked with managing, maintaining, restoring, and enhancing the value of natural assets and ecosystem services, while ensuring that their activities do not adversely impact the natural resources in the area.

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, it allows these companies to sell credits if they have holdings outside of Wyoming. The provisions of this act will apply to natural asset companies from the effective date of the bill, which takes effect immediately upon completion of the necessary legislative processes.