Subject: File No. SR-NYSE-2023-09
From: Josh Ball

The proposed creation of Natural Asset Companies is one of the greatest threats to rural communities in the history of our country. Under the proposal, private interests, including foreign-controlled sovereign wealth funds, could use their capital to purchase or manage farmland, national and state parks, and other mineral-rich areas and stop essential economic activities like farming, grazing, and energy extraction. Just few fair points that erode the very foundation of our country: land belonging to sovereign nations and private landowners alike can be subject to the control of NACs. Sovereign nations, such as the United States Government, can provide their lands to private investors, including those outside the United States. China, for example, may be able to invest in an NAC and effectively be a stakeholder in our national parks. Russia could assume control of lands currently leased to produce oil and place them off limits for future natural resource development. How this is not viewed as a national security risk is reprehensible. How this is not viewed as dismantling our middle and lower class in rural areas is outright incompetence. This is our land, and it should not be sold to the lowest bidder, or a foreign power. It should be property of its citizens, whose benefit is reaped first and foremost by the American people. This is late stage capitalism at its absolute worst, all under the guise of climate change-alarmism. We have a problem. This is the absolute worst way to fix it. When have private companies ever given a [REDACTED] about how green their company is? This is a cash grab at the expense of our land. This is vile. This is an absolutely unacceptable use of the people's resources.