House Republicans are set to continue their investigation of a recently nixed proposal that would have allowed investors to trade companies with a focus on preserving nature.
The Natural Resources Subcommittee on Oversight and Investigations has scheduled a hearing this week focused on a Securities and Exchange Commission draft rule, withdrawn in January, that would have authorized so-called natural asset companies to trade on the New York Stock Exchange.
Congressional Republicans last week also filed legislation that would prevent the SEC from ever advancing a similar proposed rule in the future.
The withdrawn SEC proposal would have made it possible for investors to purchase shares of these natural asset companies, which would put a value on things like soil quality, climate stability and wildlife habitat.
