I am VERY OPPOSED to this regulation for the following reasons: 1) it is a gross overreach by the SEC with no legislative backing/mandate and is well beyond the remit of the SEC, 2) the regulation is very vague, providing opportunity for gross abuses, 3) NACs pose an existential threat to American property rights and National Security, allowing ANYONE, including foreign governments (including our worst enemies) and environmental extremists to purchase rights to private and public lands and other federal property - potentially preventing oil and gas exploration and development, mining for coal and vitally important strategic minerals, grazing and other economic development. This could cripple our economy, security and property rights and the rule of law. 4) This proposal carries NO Benefits, only high risks and very negative impacts.