Dec. 13, 2023
The proposed rule would allow for federal lands, including national parks and other publicly owned lands, to be included in private investment portfolios. This is basically allowing for the privatization of our federal lands - federal lands that are owned by the people, for the people, thus giving away the property of the American people. The proposed rule also allows for NACs to have management authority over assets held in the portfolio, including our public lands. Private entities could tell American citizens that they are no longer allowed to use public lands, whether that be for recreation or grazing. In the proposed rule, the SEC is creating a new incentive for non-government corporate control. Again, these are FEDERAL lands which mean they belong to the American people. It is not right for private organizations to be able to tell the American people what they can or can't do on their land. I am also very concerned by the SEC’s allowance under the proposed rule of foreign investment in these uniquely U.S. assets. At a time in which we are actively experiencing our adversaries trying to weaken the US, we should not be opening our federal lands up to investment from the same adversaries. To have a foreign country dictate to American citizens what they can and can't do on American land is outrageous. This is nothing but a huge giveaway to corporate interests at the expense of the American people's right to their heritage. It gives our country's most important resource away to corporate elites at the expense of the average citizen. It is an incredibly un-American thing to do and should be opposed completely and without hesitation.