The bill establishes a new chapter in Wyoming law concerning "natural asset companies," which are defined as entities that hold conservation interests in land within the state and manage these areas for ecological purposes. Specifically, these companies are tasked with managing, maintaining, restoring, and enhancing the value of natural assets and ecosystem services. The bill outlines that the primary activities of these companies must not cause any material adverse impact on the natural assets of the area and should aim to replenish the natural resources utilized.

Importantly, the bill prohibits natural asset companies with conservation interests in land entirely within Wyoming from selling their credits through national securities exchanges. However, it allows these companies to sell credits from land they hold outside of Wyoming. The act will take effect immediately upon the completion of all necessary legislative processes.