Hello, This comment is to oppose the Natural Asset Company (NAC) rule changes. Conceptually this will be used as another tool to apply undue indirect force on citizens by way of huge organizations that could force citizens to comply with their desired actions and perspectives a la Environmental Social and Governance, revoking the ability of the "problem" citizen to access any of the resources (water, perhaps) locked up in the NAC. This is just one nightmare scenario that NACs can provide. The rest of this comment says out more problems from an article on the Wall Street Journal: "NACs would register to go public on the NYSE. The money raised would purchase land and effectively lock it away from human impact. Grazing, energy extraction and other economically critical activities would disappear on NAC-protected land. Farmland used to feed the nation and world would go back to natural landscape, erasing human activity. The resulting conversion of investor money into unusable wildlands has the potential to be one of the most significant misallocations of capital in history. Normally, corporations are formed for investors to make money. But since NACs are clearly noneconomic, a rule is required to allow their formation. The land placed in a NAC, a private entity, must support only “replenishable” activities. Since no economic activity can occur, the property is assigned an arbitrary value and traded on that basis. In any other situation, this proposal would be identified as sanctioning fraud."