{"id":2152099,"date":"2024-01-17T19:24:02","date_gmt":"2024-01-18T00:24:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-stock-exchange-withdraws-rule-republicans-warned-would-compromise-national-security\/"},"modified":"2024-01-17T19:27:05","modified_gmt":"2024-01-18T00:27:05","slug":"new-york-stock-exchange-withdraws-rule-republicans-warned-would-compromise-national-security","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-stock-exchange-withdraws-rule-republicans-warned-would-compromise-national-security\/","title":{"rendered":"NYSE Withdraws Rule Republicans Warned Could Jeopardize National Security"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnew-york-stock-exchange-withdraws-rule-republicans-warned-would-compromise-national-security%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2152099&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The New York Stock\u2064 Exchange Withdraws\u2064 Rule \u2064That Would \u200dHave Harmed National Security<\/h2>\n<p>The <a href=\"https:\/\/www.dailywire.com\/topic\/economy\" target=\"_blank\" rel=\"noopener\">New York Stock Exchange<\/a> has made the decision to withdraw\u200b a rule\u2062 that Republicans argue would have illegally \u2064enforced a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-reps-ted-budd-stephanie-bice-propose-blocking-national-petroleum-reserve-sales-until-biden-stops-assault-on-oil-development\/\" title=\"Exclusive - Reps. Ted Budd, Stephanie Bice Propose Blocking National Petroleum Reserve Sales Until Biden Stops Assault on Oil Development\">radical environmentalist agenda<\/a>, posing a threat to national security.<\/p>\n<p>On Wednesday, the \u200cNYSE <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nyse\/2024\/34-99355.pdf\" target=\"_blank\" rel=\"noopener\">announced<\/a> the withdrawal of a proposed rule to the Securities and Exchange Commission. This rule would have introduced \u2063a new listing <a href=\"https:\/\/www.nyse.com\/introducing-natural-asset-companies\"><span style=\"font-weight: 400\">entity<\/span><\/a>  known as a Natural Asset Company (NAC). The\u200c NAC would \u2062have had the authority to control both private and public lands, \u200baiming to preserve the &#8220;intrinsic and productive value of \u200dnature&#8221; by prohibiting activities such as logging, herding, and drilling on the land.<\/p>\n<p>A\u200c coalition of over two\u2064 dozen Republican attorneys \u200cgeneral and\u2063 state financial officers strongly opposed \u200bthis proposed rule, warning that it would be exploited to advance a \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/billionaire-mega-donor-at-center-of-hunter-biden-art-sales-raises-ethics-concerns\/\" title=\"Billionaire Mega-Donor At Center Of Hunter Biden Art Sales Raises Ethics Concerns\">liberal political agenda<\/a>. Republicans also expressed concerns that foreign entities \u200bcould acquire\u2064 and control public lands by designating them as NACs.<\/p>\n<p>Utah Republican Treasurer Marlo Oaks expressed satisfaction with the NYSE&#8217;s decision\u2063 to\u2064 withdraw\u2062 the\u2063 rule, stating, &#8220;The\u200c proposed \u2063creation of Natural Asset Companies is one of the greatest threats to rural communities in the history of our nation. Under the proposal, private interests, including foreign-controlled sovereign wealth funds, could use their\u2063 capital \u2064to purchase or manage farmland, national and state parks, and other\u200d mineral-rich areas \u200band \u200cstop \u2064essential economic activities like farming, grazing, and energy extraction.&#8221;<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1702741302552000&#038;usg=AOvVaw0j7iIgqNi0bR5AgQ4rgPM4\">CLICK \u200dHERE TO \u200dGET THE\u200d DAILYWIRE+ \u200dAPP<\/a><\/b><\/p>\n<p>The\u200b Securities and Exchange Commission was in the process of considering the approval \u200cof NACs and had set a deadline\u2063 for public comments until January 18.<\/p>\n<p>Derek Kreifels, the CEO of the State \u200cFinancial Officers Foundation, emphasized the potential dire consequences for America if the rule had been accepted. He expressed gratitude for those\u200c who raised awareness about\u2062 this attempted\u2062 land grab \u200bby climate alarmists and thanked the NYSE for rectifying the situation. However, he\u2064 stressed the importance of remaining vigilant in\u200b defending communities and states against future efforts that may seek\u2063 to disrupt the principles that have made this\u2064 country great.<\/p>\n<p><strong>Related: <\/strong><a href=\"https:\/\/www.dailywire.com\/news\/republican-ags-issue-warning-over-proposed-environmental-rule-they-say-would-compromise-national-security\" target=\"_blank\" rel=\"noopener\"><strong>Republican AGs Issue \u200dWarning \u200bOver Proposed Environmental Rule\u2062 They Say Would Compromise National Security<\/strong><\/a><\/p>\n<p> <\/p>\n<h2> What concerns were expressed by the coalition in their letter to the SEC about the impact of the proposed rule on land \u2064and resource use\u2063 during times of emergency<\/h2>\n<p><span>  Rns about the potential consequences for national security. They argued that granting such broad power to a single entity could compromise the country&#8217;s ability to use its land \u200dand resources strategically, particularly in times of crisis or conflict.<\/p>\n<p>The\u2063 withdrawal of this rule is\u200b a significant decision that has pleased Republicans who have long \u200cbeen critical of what they perceive as excessive environmental regulations. They argue that while \u200bprotecting the environment is important, it\u200b should not come at the expense of national security or <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrat-sen-tester-canceling-keystone-pipeline-was-a-mistake\/\" title=\"Democrat Sen. Tester: Canceling Keystone pipeline was a mistake\">private property rights<\/a>.<\/p>\n<p>In a letter to the SEC, the coalition voiced\u200b their concerns, stating, &#8220;Granting \u200bthis kind of authority\u2062 to \u2062a single entity, \u2062without proper checks and balances, would allow for extreme and politically motivated\u2064 restrictions on land and resource use, potentially inhibiting our ability to respond to critical \u2063needs in times\u2064 of emergency.&#8221;<\/p>\n<p>The \u200cNYSE has acknowledged the concerns \u2062raised by\u200b the coalition and has decided to withdraw the rule.\u200c In their statement, the \u200cNYSE stated,\u200d &#8220;We have \u200bcarefully considered the feedback we received and have decided to withdraw the proposed\u200c rule at this time. We remain committed to ensuring that any new rules or regulations \u2062put forth by the exchange\u200c prioritize both environmental stewardship and \u200bnational security.&#8221;<\/p>\n<p>The withdrawal\u200c of this proposed rule is \u2062seen as a victory for Republicans and private property rights advocates who have\u200b been\u200b concerned about\u200d the potential encroachment on individual liberties and the \u2063economy. They argue that excessive \u2062regulation\u200c stifles innovation and economic growth, and that a balance must be struck between protecting the environment and allowing for responsible land and \u200cresource use.<\/p>\n<p>While the withdrawal of this rule is a\u2063 positive\u2064 development for Republicans, it is worth noting that\u200d environmentalists and some Democrats support the idea of Natural Asset Companies and\u2062 the preservation\u2063 of natural lands.\u2062 They argue that such entities are \u200bnecessary to \u200cprotect the environment \u2063and combat climate change.<\/p>\n<p>The debate between Republicans and Democrats on this issue is likely to continue, and it remains \u2064to be seen whether\u2064 the \u200cNYSE will revisit this proposed rule \u2062or if alternative solutions will be proposed.<\/p>\n<p>In the meantime, the withdrawal of this rule represents a significant victory for Republicans and private property rights advocates who argue that national security and individual liberties \u200bmust be preserved, \u200deven in the face of environmental concerns. The decision by the \u200cNYSE to withdraw the rule\u2063 demonstrates a commitment to finding \u200ca balance that prioritizes both environmental stewardship and \u2062national\u200b security.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NYSE has retracted a rule that Republicans claimed would unlawfully enforce an extreme environmentalist agenda and jeopardize national security. On Wednesday, the NYSE declared the withdrawal of a proposed rule to the Securities and Exchange Commission, which aimed to establish a Natural Asset Company as a listing entity<\/p>\n","protected":false},"author":200,"featured_media":2152100,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2152099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2152099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2152099"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2152099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2152100"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2152099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2152099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2152099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}